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HUNT VALLEY, MD and JEDDAH, SAUDI ARABIA (Tuesday, January 15, 2008) – Cristal Global (Cristal) announced today price increases on the sale of all of its titanium dioxide (TiO2) products sold in North America and Latin America. Effective Jan. 15, 2008, or as permitted by contract, prices for all rutile and anatase Tiona® and Cristal titanium dioxide (TiO2) products sold to all end-use markets in North America (United States and Canada) will increase by US $0.06 per pound and in Latin America by US $130/tonne. This is in addition to the US $0.06 previously announced in North America and the US $120/tonne previously announced in Latin America on Oct. 15, 2007.
These increases are necessary to compensate for increases in costs.
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National Titanium Dioxide Company Ltd. ("Cristal") and Millennium Inorganic Chemicals (MIC) combine to form the world's second-largest producer of titanium dioxide and a leading producer of titanium chemicals. Cristal and MIC operate nine manufacturing plants in six countries and employ more than 3,700 people worldwide.
Millennium Inorganic Chemicals ("MIC") (www.millenniumchem.com) is a wholly-owned subsidiary of Cristal. "TASNEE," a Saudi major diversified company with chemicals and petrochemicals operations, owns 66 percent of Cristal, while 33 percent of Cristal is owned by Gulf Investment Corporation ("GIC"), an investment house established in Kuwait by the GCC countries. |
