21 February 2011 11:35 [Source: ICIS news]
Correction: In the ICIS story headlined "Japan's ISK to raise Asia-Pacific TiO2 by $300/tonne from 1 April" dated 21 February 2011, please read in the fifth paragraph It also has a 54,000 tonne/year … instead of It also has a 209,000 tonne/year …. A corrected story follows.
SINGAPORE (ICIS)--Japan's Ishihara Sangyo Kaisha (ISK) will increase the price of titanium dioxide (TiO2) sold in the Asia-Pacific region by $300/tonne (€219/tonne) with effect from 1 April, the company said on Monday.
“The price increase is necessary to cover the sustained impact of significant increases in costs of raw materials. And this increase is required to ensure our stable supply of TiO2 for our dedicated customers in the future,” the company said.
ISK’s price hike announcement follows Huntsman’s $200/tonne increase effective from 1 March, and DuPont’s $300/tonne increase effective from 1 April.
ISK operates a 155,000 tonne/year plant - with an 87,000 tonne/year sulphate-based unit and a 68,000 tonne/year chloride-based unit - in ?xml:namespace>
It also has a 54,000 tonne/year chloride-based plant in
TiO2 is mainly used as a white powder pigment in products such as paints, coatings, plastics, paper, inks, fibres, food and cosmetics.
($1 = €0.73)
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