DuPont Titanium Technologies Announces a Price Increase for Titanium Dioxide Products in North America
08 Oktober 2007 - 10:30PM
PR Newswire (US)
WILMINGTON, Del., Oct. 8 /PRNewswire/ -- DuPont Titanium
Technologies today announced a price increase for all DuPont
titanium dioxide (TiO2) grades sold in North America. Effective
Oct. 15, 2007, or as permitted by contract, North American (United
States and Canada) prices for DuPont coatings, plastics, specialty,
paper, and laminate titanium dioxide grades will increase by six
(6) cents per pound (US$). The increases implemented to date in
2007 still leave prices well below the levels required to offset
both recent structural cost increases as well as ongoing cost
increases. DuPont Titanium Technologies will continue to work to
offset these increases in the cost structure with productivity
initiatives, but such initiatives alone cannot be expected to
offset the significant increases to costs. "The rapidity of cost
increases requires us to renegotiate contracts that provide for the
delayed implementation of announced price increases," said Ian
Edwards, global business director of DuPont Titanium Technologies.
"At a time when the market for many of our purchased materials and
services is extremely volatile, we must have the ability to respond
to those cost pressures quickly if we are to remain competitive."
In addition to this overall portfolio increase announcement, DuPont
Titanium Technologies will implement a price differential between
selected elements of the standard offering and selected specialty
offering elements in the product line. This will include some
grades, some packaging and some logistics. Other regional increases
will be announced directly within the local regions. 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. 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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