TOR Minerals International Inc. Provides Earnings Guidance for the Year 2012 and 2013
October 25, 2012 at 05:00 pm EDT
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TOR Minerals International Inc. provided earnings guidance for the year 2012 and 2013. For the year, the company expects to utilize all of the U.S. net operating loss, which has resulted in the increased effective tax rate for 2012. Cash flows from operations to approximately $8 million to $10 million for fiscal year 2012.
For the year, the company expects effective tax rate to be 5% to 10% points higher in 2013.
TOR Minerals International, Inc. is a manufacturer and seller of mineral products for use as pigments and extenders, primarily in the manufacture of paints, industrial coatings plastics, and solid surface applications. The Companyâs products and applications include alumina trihydrate, barium sulfate slurry, boehmite, colored titanium dioxide (TiO2) pigments and white TiO2 synergist. The Company's specialty mineral products, which include flame retardant and smoke suppressant fillers, engineered fillers, and titanium dioxide color hybrid pigments, are designed for use in plastics, coatings, paints and catalysts applications, as well as a range of other industrial applications. The Company and its subsidiaries operate in the business of pigment manufacturing and related products in three geographic segments, namely, United States, European and Asian. Its subsidiaries include TOR Minerals Malaysia, Sdn. Bhd. and TOR Processing and Trade, BV.
TOR MINERALS INTERNATIONAL, INC. 
