WILMINGTON, Del., Sept. 2 /PRNewswire-FirstCall/ -- DuPont Titanium
Technologies today announced a price increase for all DuPont(TM) Ti-Pure(R)
titanium dioxide grades sold in North America.
Effective Sept. 2, North American (United States and Canada) prices for
all DuPont titanium dioxide grades will increase by 8 cents per pound (USD).
This increase is in addition to the price increases and paper energy
surcharges 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 to renegotiate contracts that provide a price protection
period,' said Edwards. 'At a time when the market for many of our purchased
raw materials and services is extremely volatile, we cannot afford to 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.
9/2/08
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.
SOURCE DuPont Titanium Technologies
