Following the company's emergence from Chapter 11, the newly appointed board of directors, together with management, have completed a strategic review and intend to implement a transformation plan to position Venator for long-term success.
Affected by the situation on the Red Sea and Suez Canal, the company will pass on the surcharges that global carriers have imposed on their shipments as of February 1st, 2024.
John McAllister will serve as Vice President of Sales for both the Industrial and Personal Care Divisions, and develop strategies to achieve Micro Powders’ fiscal targets along with expansion into new markets.
Highlights of the results include a net sales increase of 4.9% year-over-year to $1.3 billion, a net income increase of $30 million year-over-year to $74 million, and an adjusted EBITDA increase of $43 million year-over-year to $251 million.
As one of the first phases of Evonik’s ‘Herne Green Deal’ to sustainably transform the Herne chemical site, the TORTE project will feed industrial waste heat from isophorone production into the district heating network.
As part of the company’s global strategy for 1,4-butanediol (BDO), it has assessed the market environment and product carbon footprints (PCF) of BDO and its downstream products from different production sites worldwide.
"Our organization’s continued financial strength is vital for AMPP's capacity to fulfill our mission and generate enduring value for members and customers," said AMPP CEO Alan Thomas.
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