US TiO2 buyers see minimal Lyondell sale impact

26 February 2007 19:33  [Source: ICIS news]

HOUSTON (ICIS news)--Titanium dioxide (TiO2) pigment buyers in the US coatings industry said on Monday that they did not anticipate much change in the TiO2 market as a result of the announced sale of the Lyondell TiO2 business.

The sources in the coatings industry said they were more focused on below-normal February coatings sales for home construction and renovation.

Coatings sales, especially architectural coatings, are the major driver of TiO2 pigment demand.

Lyondell’s TiO2 sales force was contacting customers to assure them that the company intends to operate its business as usual, said company spokesman David Harpole.

Saudi Arabia-based Cristal, which plans to buy the Lyondell TiO2 assets, indicated that it would honour all contracts already in place, Harpole said.

The announced sale includes all of Lyondell’s TiO2 manufacturing assets, mining operations and research facilities.

Lyondell hopes to close the deal within the first half of 2007, Harpole said.

By: David Barry
+1 713 525 2653

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