Wednesday, October 24, 2007

DuPont raises titanium prices

DuPont said Friday its Titanium Technologies unit will raise prices in the Middle East and Africa for Ti-Pure titanium dioxide grades in a move to counter higher raw material, energy and fuel costs.

Effective Oct. 1, titanium dioxide grades will increase $150 per ton, the company said.

The announcement comes a day after DuPont raised titanium prices in Asia.

Titanium dioxide is used by the coatings, paper and plastics industries.

DuPont shares rose 44 cents to $48.33 in morning trading. – Associated Press

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