DuPont Titanium Technologies Announces a Price Increase for Ti-Pure® Titanium Dioxide Products in Latin America
WILMINGTON, Del., July 31, 2009 -- DuPont Titanium Technologies today announced a price increase for all DuPont™ Ti-Pure® titanium dioxide (TiO2) grades sold in Latin America.
Effective Sept. 1, 2009, or as permitted by contract, prices in Latin America will increase by $150 (USD) per metric ton. This increase is in addition to the recently announced price increase on June 3, 2009.
In addition to implementing a price increase, DuPont Titanium Technologies plans to reduce payment terms. “The current economic environment requires businesses to improve cash-to-cash cycle time in support of a sustainable business model,” said E. Bryan Snell, global business director – DuPont Titanium Technologies. “A reduction in payment terms is an important step along this path.”
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 mine in Starke, Florida. Technical service centers are located in Paulinia, Brazil; Mexico City, Mexico; Mechelen, Belgium; Dzerzhinsk, Russia; 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.
