Sisecam Resources LP (SIRE)
NYSE NYSE Primary Summary
Sisecam Resources LP Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| NA Nizar Araji National Bank Of Canada /FI/ | 2,000 | $33,000 | $50,660 | $17,660 | 53.52% |
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Sisecam Resources LP Profile
| Chemicals Industry | Materials Sector | Ertugrul Kaloglu CEO | NYSE Exchange | 172464109 CUSIP |
| US Country | - Employees | 24 May 2023 Last Dividend | - Last Split | - IPO Date |
Overview
Sisecam Resources LP, along with its associated subsidiaries, is a prominent player in the mining sector, specifically focusing on the extraction of trona ore and the production of soda ash. The company operates in both the United States and international markets, affirming its global reach. Soda ash, which is derived from trona ore processing, holds significant value as a fundamental raw material utilized in numerous industries. These industries include the manufacture of flat glass, container glass, detergents, chemicals, paper, and a diverse array of consumer and industrial products. Sisecam Resources LP boasts extensive control over approximately 23,500 acres of subsurface mining areas located in the Green River Basin of Wyoming, secured through various lease and license agreements. By the end of 2021, the company reported estimated proven and probable trona reserves of approximately 220.0 million short tons. Originally known as Ciner Resources LP, the company rebranded to Sisecam Resources LP in February 2022. The company was founded in 2013 and has its headquarters situated in Atlanta, Georgia.
Products and Services
- Soda Ash
Soda ash, produced from trona ore, is a key ingredient in the manufacture of glass, including flat glass and glass containers. It is essential in various glass-making processes that require precise chemical compositions for optimal clarity and strength.
- Detergents
The company’s soda ash is utilized in the production of household and industrial detergents. Its high alkalinity and effectiveness in removing stains make it a vital component in formulation.
- Chemicals
Sisecam’s soda ash serves as a raw material in chemical manufacturing, being instrumental in processes that produce various chemicals needed across multiple industries.
- Paper Products
Soda ash is also used in the paper industry, where it aids in pulping and processing to enhance the quality of paper products.
- Consumer Goods
The raw materials sourced and produced by Sisecam support a wide array of consumer goods, enhancing their chemical properties and overall performance.
