DuPont Titanium Technologies Announces a Price Increase for Ti-Pure Titanium Dioxide Products in Latin America
DuPont Titanium Technologies today announced a price increase for all DuPont(TM) Ti-Pure® titanium dioxide grades sold in Latin America.
Effective Oct. 1, Latin American prices for all DuPont titanium dioxide grades will increase by $150 (USD) per metric ton. This increase is in addition to the price increases previously announced.
“Demand for TiO2 remains strong. Higher raw material, energy and transportation costs continue to impact our manufacturing expenditures,” said Ian Edwards, global business director — DuPont Titanium Technologies. “Energy efficiency and productivity initiatives have offset some of this impact, but this price increase is necessary for continued investment in global fulfillment, quality offerings and value to customers.”
“The velocity and volatility of cost increases will require DuPont Titanium Technologies in 2009 to eliminate contract clauses that provide a price protection period,” Edwards said. “At a time when the market for many of our purchased raw materials and services is extremely volatile, we cannot afford to further delay our ability to pass on these increases.”
DuPont Titanium Technologies is the world’s largest manufacturer of titanium dioxide, serving customers globally in the coatings, paper and plastics industries. The company operates plants at DeLisle, Miss.; New Johnsonville, Tenn.; Edge Moor, Del.; Altamira, Mexico; and Kuan Yin, Taiwan; all of which use the chloride manufacturing process. The company also operates a plant in Uberaba, Brazil, for finishing titanium dioxide and a mine in Starke, Fla. Technical service centers are located in Uberaba, Brazil; Mexico City, Mexico; Mechelen, Belgium; Kuan Yin, Taiwan; Ulsan, Korea; Wilmington, Del.; and Shanghai, China, to serve the European, Middle Eastern, United States, Asian and Latin America markets.
DuPont (NYSE: DD) is a science-based products and services company. Founded in 1802, DuPont puts science to work by creating sustainable solutions essential to a better, safer, healthier life for people everywhere. Operating in more than 70 countries and regions, DuPont offers a wide range of innovative products and services for markets including agriculture and food; building and construction; communications; and transportation and apparel.
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