MOSCOW (MRC) -- DuPont has increased prices on all of its titanium dioxide (TiO2) products sold in North America, Europe, Middle East, Africa, Latin America and the Asia Pacific regions, reported the company on its site.
The price increase was effective 1 October, 2013, or as contracts allow, as follows:
- USD100 per tonne for DuPont Ti-Pure titanium dioxide grades sold in the Asia Pacific and Latin America regions;
- USD100 per tonne for DuPont Ti-Pure TiO2 grades sold in the dollar markets or EUR EUR75 per tonne in Eurozone markets in Europe, Middle East and Africa region;
- five cents per pound for DuPont Ti-Pure TiO2 grades sold in the North America region with the exception of DuPont RPS Vantage titanium dioxide products sold into paper and paperboard applications, which will be managed separately.
As MRC informed earlier, in late 2012 DuPont reported of investments that the company were making in all its divisions kept on delivering results which were offset by the weakness in titanium dioxide (TiO2) markets. "Excluding the performance chemicals unit, which includes TiO2, the company expects earnings growth of at least high-teens in 2013 versus 2012. Performance chemicals margins are expected to fall six to seven percentage points in 2013," DuPont said.
DuPont Titanium Technologies is the world's largest manufacturer of titanium dioxide, serving customers globally in the coatings, paper and plastics industries. DuPont is also supplying TiO2 to Russia and its share in the Russian market has been growing since 2013.
DuPont is an American chemical company that was founded in July, 1802. The company manufactures a wide range of chemical products, leading extensive innovative research in this field. The company is the inventor of many unique plastics and other materials, including neoprene, nylon, Teflon, Kevlar, Mylar, Tyvek, etc. DuPont was the developer and main producer of Freon used in the production of refrigeration equipment.
MRC