Japan’s ISK announces $100/tonne hike in Asia TiO2

16 June 2009 05:30  [Source: ICIS news]

SINGAPORE (ICIS news)--Japan-based Ishihara Sangyo Kaisha (ISK) on Tuesday announced a price increase for its titanium dioxide (TiO2) products sold in Asia.

Prices of TiO2 in the Asia Pacific region will be raised by $100/tonne (€73/tonne), effective July 1, 2009, the company said.

The company is the fourth producer to publicly announce a price hike in Asia. DuPont Titanium Technologies, Kronos and Tronox have all proposed $50-100/tonne price increases in the past month.

The price increase was necessary for the company to improve its margins and reinvest in its businesses, ISK said.

($1 = €0.73)

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By: Ng Hun Wei
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