DuPont will ‘not wait for China’ on TiO2 expansions - CEO

13 December 2011 16:58  [Source: ICIS news]

HOUSTON (ICIS)--DuPont will not wait for China’s approval of a planned titanium dioxide (TiO2) project as it goes ahead with capacity expansions in other countries, CEO Ellen Kullman said on Tuesday.

“The China opportunity is there, but it is not moving, therefore we are not going to wait around for it,” Kullman told analysts during a webcast investor event.

Kullman said DuPont’s planned expansion at Altamira, Mexico, and incremental expansions at other DuPont plants, will allow the company to supply its customers in a cost-effective manner with high-quality TiO2.

“We are the only major that is putting in any kind of substantial capacity,” she added.

Kullman also said DuPont was “very successful” in managing its TiO2 business. 

While TiO2 is a typical cyclical commodity chemical, DuPont is proud to have the product as part of the company, she said.

Last month, a DuPont official said the company had not yet received approval from the Chinese government for a TiO2 project at Dongying, China.

Meanwhile, DuPont plans to expand its TiO2 capacity by 350,000 tonnes/year by the end of 2014. The expansion plan includes investing in an additional 200,000 tonne/year TiO2 line at DuPont’s production site in Altamira.

Additonal reporting by Leo Siqueira 

For more on DuPont and other producers visit ICIS company intelligence

By: Stefan Baumgarten
+1 713 525 2653

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