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Kronos to raise prices for all Titanium Dioxide Products

24
May '08
Kronos Worldwide Inc announced an energy related surcharge and a new price increase for all titanium dioxide grades sold in Europe including Eastern Europe.

Kronos Worldwide will implement these changes to partially offset its continuing cost increases, primarily energy, raw materials and distribution.

Prior efforts to implement increases to cover these higher costs have not been successful, and currently almost all of the industry producers of TiO2 are operating at a loss.

The first of what could be a number of plant shutdowns in the industry has recently occurred, and Kronos believes this situation, which if continued could lead to significant reductions in industry wide production capacity, should be of concern for both producers and consumers of TiO2.

- Effective June 9, 2008 a surcharge of 40 Euro/mt will be added to all European invoices for all Kronos titanium dioxide products.

- Effective June 15, 2008 or as contracts permit, prices for all Kronos titanium dioxide pigments sold in Europe will be increased by 50 Euro/mt.

Kronos Worldwide Inc is a major international producer of titanium dioxide pigments.

Kronos Worldwide Inc


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