30 June 2008 13:18 [Source: ICIS news]
DUBAI (ICIS news)--Saudi Arabia's Cristal Global has increased its titanium dioxide (TiO2) in Asia $150/tonne for all grades effective 15 July, the second hike in less than a month, the company said in a statement published on Monday.
Like its competitors DuPont, Tronox and Kronos, Cristal said all of its recent price initiatives were needed to offset unprecedented increases in raw materials such as sulphates as well as energy and transportation costs.
The company increased TiO2 prices in Asia, North America and the Middle East by $200/tonne on 4 June.
Generally, Cristal doesn’t disclose the real price of the product by it only indicate the variation of the prices.
Cristal is the second largest producer of titanium dioxide (TiO2) in the world. Tasnee (National Industrialisation Co) owns a 66% stake in Cristal.
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