Cristal to hike Central, S America TiO2 products

02 June 2008 23:20  [Source: ICIS news]

HOUSTON (ICIS news)--Saudi Arabian producer Cristal Global will implement a surcharge and raise prices for titanium dioxide (TiO2) products in Central and South America to offset soaring costs in raw material and energy, the company said on Monday.

Cristal will apply a $200 (€128)/ton raw-material surcharge on all Tiona sulfate products made at its plant in Bahia, Brazil, the company said.

In addition, Cristal will implement a $150/ton price increase for all Tiona chloride products imported into the region, also effective on 1 July, the company said.

Cristal attributed the increase to the strength of the Brazilian Real, in addition to rising costs in energy, natural gas and sulphur.

"The spot price of sulphur has increased by approximately 1000% over the last twelve months, and we are unable to absorb such a dramatic increase any longer,” according to a statement by John Hall, vice president of sales and marketing.

Recently, several chemical producers have announced price increases and surcharges due to rising feedstock and energy costs.

($1 = €0.64)

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By: Al Greenwood
+1 713 525 2653

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