DuPont Titanium Technologies Announces a Price Increase for Titanium Dioxide Products in Brazil
05 June 2008 - 11:20PM
PR Newswire (US)
WILMINGTON, Del., June 5 /PRNewswire-FirstCall/ -- DuPont Titanium
Technologies today announced a price increase for all DuPont(TM)
Ti-Pure(R) titanium dioxide grades sold in Brazil. Effective July
1, prices for DuPont coatings, plastics, specialty, paper, and
laminate titanium dioxide grades will increase $130 (US$) per
metric ton for its indent sales and $150 (US$) per metric ton for
its local/resale sales in Brazil. This increase is the
implementation of the amount previously announced in Brazil earlier
in the year. "The need for immediate structural improvement in
price is unprecedented," said Richard C. Olson, vice president and
general manager -- DuPont Titanium Technologies. "Faced with costs
that are significantly above expected levels, we are forced to take
these actions. Of course, our investments in cost productivity
improvements including energy savings will accelerate as well, but
these initiatives simply cannot overcome the impact of our
increased costs to produce titanium dioxide. The increases
implemented to date and those announced here are required to
support the needs of our customers in the growing Brazilian
market." 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 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. The DuPont Oval Logo,
DuPont(TM), The miracles of science(TM) and Ti-Pure(R) are
registered trademarks or trademarks of DuPont or its affiliates.
Contact: Kimberlie A. Lantz 302-999-2361 DATASOURCE: DuPont
Titanium Technologies CONTACT: Kimberlie A. Lantz of DuPont
Titanium Technologies, +1-302-999-2361, Web site:
http://www.titanium.dupont.com/
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