DuPont Titanium Technologies Announces a Price Increase for Titanium Dioxide Products in Latin America
Saturday, August 2nd 2008
DuPont Titanium Technologies today announced a price increase for all DuPont(TM) Ti-Pure® titanium dioxide grades sold in Latin America.
Effective August 1 2008, prices for DuPont coatings, plastics, specialty, paper, and laminate titanium dioxide grades will increase $150 (US$) per metric ton in Latin America.
“While demand for TiO2 remains quite strong, our costs – from raw materials to energy and utilities to reinvestment in production assets — are at historically high levels and continue to escalate,” said Ian Edwards, global business director for DuPont Titanium Technologies. “So we have no choice but to immediately impose a new price increase, in addition to the ones we announced in June and July. Given the current volatility and unpredictability of our input costs, contracts are currently being renegotiated to permit a more timely response to these external factors.”
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; Shanghai, China; and Wilmington, Del., to serve the Latin American, European, Middle Eastern, Asian and North American 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, DuPont offers a wide range of innovative products and services for markets including agriculture and food; building and construction; communications; and transportation.
