TOR Minerals International (TORM) Reports First Quarter 2011 Results
TOR Minerals International reported significant gains in sales and operating income for the first quarter of this year. The management of the company said that the improved performance was due to increased demand and higher prices realized for its main products. TOR Minerals International reported sales of $9.6 million in the quarter ending March 31, 2011, a 40% year over year increase compared to sales of $6.9 million in the comparable quarter in 2010. The company said that sales of specialty alumina and synthetic titanium dioxide were particularly strong during the quarter as the worldwide market for these materials tightened.…