SINGAPORE and WILMINGTON, Del., June 5 /PRNewswire-FirstCall/ --Reflecting the inexorable and accelerating rise in energy related costsexperienced so far in 2008, DuPont Titanium Technologies today announced aprice increase for all DuPont(TM) Ti-Pure(R) titanium dioxide grades sold inthe Asia Pacific region.
Effective July 1, 2008, or as permitted by contract, prices for alltitanium dioxide grades (TiO2) will increase $150 USD per ton in Asia exceptthe People's Republic of China and Japan.
Effective July 1, 2008, or as permitted by contract, prices in China willincrease by 1.5RMB/kg.
A price increase for Japan was already announced on February 29, 2008.
When previous price increases were announced, the price for oil was movingtoward $100 per barrel and our price actions were designed to move TiO2 pricesto reflect those costs over time. Recently, the rate at which energy costs areincreasing has accelerated very significantly. DuPont continues to leadthrough investments in energy conservation and cost reduction programs butthat alone cannot counter the escalation in input costs. We must urgentlyaccelerate our price increase actions. The increases implemented to date andthose announced here are needed to support the needs of our customers in thegrowing Asian markets.
DuPont Titanium Technologies is the world's largest manufacturer oftitanium dioxide, serving customers globally in the coatings, paper andplastics industries. The company operates plants at DeLisle, Miss.; NewJohnsonville, Tenn.; Edge Moor, Del.; Altamira, Mexico; and Kuan Yin, Taiwan;all of which use the chloride manufacturing process. The company also operatesa plant in Uberaba, Brazil, for finishing titanium dioxide and a mine inStarke, Fla. Technical service centers are located in Uberaba, Brazil; MexicoCity, Mexico; Mechelen, Belgium; Kuan Yin, Taiwan; Ulsan, Korea; Wilmington,Del.; and Shanghai, China, to serve the European, Middle Eastern, UnitedStates, 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 solutionsessential to a better, safer, healthier life for people everywhere. Operatingin more than 70 countries and regions, DuPont offers a wide range ofinnovative products and services for markets including agriculture and food;building and construction; communications; and transportation and apparel.
The DuPont Oval Logo, DuPont(TM), The miracles of science(TM) andTi-Pure(R) are registered trademarks or trademarks of DuPont or itsaffiliates.
Contacts: Kimberlie A. Lantz Wilmington, DE 302-999-2361 kimberlie.a.lantz@usa.dupont.com
Ricky Fu Ming law Singapore +65-6586-3055 Ricky-Fu-Ming.Law@sgp.dupont.com
SOURCE DuPont Titanium Technologies
