Jeddah, Saudi Arabia and Hunt Valley, MD, USA (Wednesday, June 4, 2008) – Cristal Global (Cristal) announced today that it will increase prices on all of its anatase and rutile TionaÒ and Cristal titanium dioxide (TiO2) products sold in all Asia Pacific markets by US $200 per metric ton effective on July 1, 2008, or as contracts allow.
Implementation of the previously announced price increase will also be rapidly implemented in the current quarter. These price increases are urgently required to partially offset the unprecedented increases in raw material, energy and transportation costs which have severely impacted the profitability and sustainability of the TiO2 business.
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Cristal Global is the world’s second-largest producer of titanium dioxide and a leading producer of titanium chemicals. Cristal Global operates eight manufacturing plants in six countries on five continents and employs more than 3,500 people worldwide. |
