DuPont Titanium Technologies today announced a price increase for all DuPont(TM) Ti-Pure(R) titanium dioxide grades sold in the Asia Pacific region.
Effective January, 15, 2008, or as permitted by contract, prices for all titanium dioxide grades (TiO2) will increase $150 USD per ton in Asia except People's Republic of China.
Effective January 15, 2008, or as permitted by contract, prices in China will increase by 1.5RMB/kg.
This increase is in addition to the global price increase actions announced previously and being implemented through 4Q2007 by DuPont. Input costs associated with raw materials, energy, fuel and transportation continue to escalate rapidly. The increases implemented to date in 2007 still leave prices well below the levels required to offset both structural changes in costs and recent rapid cost escalations. DuPont Titanium Technologies will continue to work to offset these increases with productivity initiatives, but such initiatives alone cannot be expected to support margins and reinvestment economics necessary to support the needs of our customers in the growing Asian markets.
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.
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
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