WILMINGTON, Del., Aug. 1 /PRNewswire-FirstCall/ -- DuPont Titanium
Technologies today announced a price increase for all DuPont(TM) Ti-Pure(R)
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.
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: Maureen P. Roberts
302-999-2217
Maureen.p.roberts-1@usa.dupont.com
SOURCE DuPont Titanium Technologies
