DuPont has announced that prices for its Ti-Pure® titanium dioxide (TiO2) products will increase by July 1, 2008, due to rapid and substantial increases in the costs of energy, raw materials and transportation. While specifics will vary by region, customers can expect the rapid implementation of previously announced price increases, additional increases and, in some geographies, energy-related surcharges.
“The need for immediate structural improvement in prices is unprecedented,” said Richard C. Olson, Vice President and General Manager - DuPont Titanium Technologies. “We expect to increase our global pricing structure by as much as 8 percent in coming weeks.”
DuPont Titanium Technologies will make regional announcements to inform customers about specific pricing actions in their areas.