201727 Jan 2017 13:11
Looking towards 2017 production, Iofina expects to produce 235 - 255 MT of crystalline iodine in H1 2017 from the Company's Oklahoma iodine plants. Production revenues are currently held back by low iodine prices, but the chemical processing activity continues to trade successfully, with solid demand for its crystalline IOflo® iodine and its halogen based derivatives.
Commenting, President and CEO Dr. Tom Becker, stated:
"While November and December of 2016 proved to be a challenging period at our IOsorb® plants, we are encouraged that as of late December we have returned to typical iodine production rates. Moreover our chemical processing activity has traded successfully throughout the year. We continue to evaluate new opportunities and are committed to growth at both Iofina Resources and Iofina Chemical in 2017, and will update the market accordingly."