16th Jun 2015 06:57
LONDON (Alliance News) - Iofina PLC Tuesday raised its iodine production target for the first half of 2015, saying it now expects to produce over 280 metric tons of crystalline iodine, ahead of the 220 to 260 metric tons it had previously guided.
Iofina produces iodine and iodine speciality chemical derivatives.
"We are pleased that our focused operations in our core production area have resulted in increased efficiencies and production volumes exceeding our previous target. Production to date underpins our financial expectations for the current financial year. With increased production and inventory levels, we are now positioned to pursue additional external sales and off-take agreements of our produced iodine," said Chief Executive Officer and President Tom Becker in a statement.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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