Texas Petrochemicals, Inc. (OTC: TXPI) has announced their revenues for the fourth quarter of fiscal 2009 were $260.9 million. In last years fourth quarter the company’s reported revenues were $558.2 million. The decline was said to be caused by lower selling prices that were related to the lower cost in fuel. Fourth quarter net income was $7.8 million compared to $13.9 million one year ago with a net loss of $5.3 million.
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Headquartered in Houston, Texas, Texas Petrochemicals Inc. sells products into a wide range of performance, specialty and intermediate markets, including synthetic rubber, fuel additives, plastics and detergents. The Company has manufacturing facilities in the industrial corridor adjacent to the Houston Ship Channel, Port Neches and Baytown, Texas and operates a product terminal in Lake Charles, Louisiana.
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