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Foundry Fuel Products Ltd. Announces New Contract with Major Steel Producer
Foundry Fuel Products Ltd. (FFP), a leading provider of foundry coke and related products, is pleased to announce that it has secured a new contract with a major steel producer in North America. The contract is for the supply of a significant volume of foundry coke over a multi-year period.
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Foundry Fuel Products Ltd. Reports Strong Financial Results for 2022
Foundry Fuel Products Ltd. (FFP) today reported strong financial results for the year ended December 31, 2022. The company's revenue increased by 15% to $1.2 billion, and its net income increased by 20% to $100 million.
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Foundry Fuel Products Ltd. Announces New Investment in Renewable Energy
Foundry Fuel Products Ltd. (FFP) today announced that it will invest $50 million in renewable energy projects over the next five years. The investment will be used to develop and deploy solar and wind energy projects at FFP's facilities.
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Foundry Fuel Products Announces New Partnership with Leading Energy Company
Foundry Fuel Products Ltd. (FFP), a leading provider of sustainable and innovative fuel solutions, is pleased to announce a new partnership with [Energy Company Name], a global leader in the energy sector.
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Foundry Fuel Products Unveils Groundbreaking Biofuel Technology
FFP has unveiled a groundbreaking biofuel technology that promises to revolutionize the transportation industry. The new technology, known as [Biofuel Name], is derived from sustainable plant-based sources and offers significant environmental benefits compared to traditional fossil fuels.
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Foundry Fuel Products Reports Record Financial Results for 2022
FFP has reported record financial results for the fiscal year 2022, driven by strong demand for its sustainable fuel solutions. The company's revenue increased by [Percentage]% year-over-year, reaching [Amount] in total.
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Foundry Fuel Products Ltd. Announces New Joint Venture with AmeriGas Propane, Inc.
The joint venture will combine the strengths of Foundry Fuel Products Ltd. and AmeriGas Propane, Inc. to provide a wider range of propane products and services to customers in Canada.
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Foundry Fuel Products Ltd. Reports Strong Financial Results for 2022
Foundry Fuel Products Ltd. reported strong financial results for 2022, with revenue increasing by 10% and net income increasing by 15%.
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Foundry Fuel Products Ltd. Expands Operations into the United States
Foundry Fuel Products Ltd. announced the expansion of its operations into the United States, with the acquisition of a propane distribution company in Texas.
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Foundry Fuel Products Ltd Reports 3Q 2022 Financial Results
Foundry Fuel Products Ltd (FFP) reported its financial results for the third quarter of 2022.
Net sales for the quarter increased by 13.1% to $27.3 million, driven by higher sales of its thermal coal and petroleum coke products. Gross profit increased by 15.8% to $6.1 million, reflecting the higher sales volume and a more favorable product mix.
FFP reported a net loss of $0.3 million for the quarter, compared to a net income of $0.8 million in the same period last year. The loss was attributed to higher operating costs, including transportation and marketing expenses.
Despite the net loss, FFP's financial position remains strong with cash and cash equivalents of $12.2 million as of September 30, 2022.
Looking ahead, FFP expects the demand for its products to remain strong in the coming quarters. The company is optimistic about its long-term growth prospects and remains committed to providing high-quality products and services to its customers.
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Foundry Fuel Products Ltd Announces Investment in New Coal Mine
Foundry Fuel Products Ltd (FFP) announced today that it has acquired a 50% stake in a new coal mine in West Virginia. The acquisition is part of FFP's strategy to expand its coal production capacity and meet the growing demand for its products.
The new mine is expected to produce up to 2 million tons of coal per year and will employ approximately 100 people. FFP expects the mine to be operational by the end of 2023.
The investment in the new coal mine is a significant step for FFP as it looks to increase its market share and become a leading supplier of coal products in North America.
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Foundry Fuel Products Ltd Reports 2Q 2022 Financial Results
Foundry Fuel Products Ltd (FFP) reported its financial results for the second quarter of 2022.
Net sales for the quarter increased by 10.6% to $24.5 million, driven by higher sales of its thermal coal and petroleum coke products. Gross profit increased by 13.5% to $5.3 million, reflecting the higher sales volume and a more favorable product mix.
FFP reported a net income of $1.0 million for the quarter, compared to a net loss of $0.2 million in the same period last year. The improvement in profitability was attributed to higher sales and lower operating costs.
FFP's financial position remains strong with cash and cash equivalents of $11.5 million as of June 30, 2022.
Looking ahead, FFP expects the demand for its products to remain strong in the coming quarters. The company is optimistic about its long-term growth prospects and remains committed to providing high-quality products and services to its customers.