21 April 2011 19:08 [Source: ICIS news]
TORONTO (ICIS)--DuPont is working to boost its titanium dioxide (TiO2) production volumes amid high prices and “extremely tight” industry supplies, company executives said on Thursday.
DuPont chief financial officer Nick Fanandakis said the company would continue to “drive its production systems” to add additional volumes.
He also said DuPont continues with plans for a TiO2 brownfield expansion but has yet to choose a location for the project.
DuPont chief executive Ellen Kullman noted that through productivity and other measures over the past five years, DuPont had added more than 100,000 tonnes/year of TiO2 output from its current plants.
Earlier on Thursday, DuPont credited high selling prices for TiO2 and other performance chemicals for contributing to its improvement in 2011 first-quarter results.
First-quarter sales of DuPont’s performance segment, which includes TiO2, rose 27% year-on-year to $1.8bn (€1.24bn) as selling prices increased 21% and volumes rose 6%.
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