Home / Knowledge / News / Textiles / DuPont sees big growth for titanium technologies

DuPont sees big growth for titanium technologies

04
Sep '09
“With its modern titanium dioxide (TiO2) manufacturing base and streamlined global sales and service organization, DuPont Titanium Technologies (DTT) is poised to serve its customers well when the global recession subsides and growth resumes,” said Rick Olson, vice president and general manager - DTT, during a DuPont Investors' Business Review Series teleconference.

“The mission of DTT is to grow earnings and cash by optimizing its position as the global low-cost producer of titanium dioxide through accelerated growth in emerging markets and by developing and introducing innovative, new products,” Rick said.

He said improvements in the first half of 2009 compared with the first half of 2008 provide evidence of the business' efforts to improve operating leverage, including:
- 28% reduction in working capital.
- 15% reduction in plant fixed costs.
- 17% reduction in SARM (sales and marketing, administrative costs, research and management expenses).
- 57% reduction in capital expenditure.

Growth in emerging markets is expected to account for 70 - 80% of future growth in the TiO2 industry.

“Twenty years ago, 60% of our sales were in North America – primarily the United States,” Rick said. “Today, we sell 75% of our product outside the United States, especially in Asia and Latin America.”

Dupont


Must ReadView All

Pic: Shutterstock

Apparel/Garments | On 19th Aug 2019

Hanoi considers safeguards for apparel sector under CPTPP

Vietnam's ministry of industry and trade is drafting a circular to...

Pic: Shutterstock

Textiles | On 19th Aug 2019

Swedish TMAS helps members quickly react to market changes

The Textile Machinery Association of Sweden (TMAS) offers member...

Pic: NRF

Retail | On 19th Aug 2019

July sales for clothing down 1.6% y-o-y in US: NRF

Sales for clothing and clothing accessory stores were down 1.6 per...

Interviews View All

Headhonchos, Indian fashion industry

Headhonchos
Indian fashion industry

Cotton consumption will keep growing in the Indian fashion industry

Top executives, Textile industry

Top executives
Textile industry

Sri Lanka has a good sustainable track record and strong stories to back it

Top executives, Textile Industry

Top executives
Textile Industry

We will move away from mass production to production in micro-factories

Lukas Hartmann,

Lukas Hartmann

Intex Consulting GmbH is a completely integrated enterprise resource...

Marcus Hardelauf,

Marcus Hardelauf

Germany-based Textechno is one of the leading manufacturers of testing...

Erik Sy,

Erik Sy

Manila-based CustomThread is a start-up offering premium custom apparel...

Andreas Lukas, Andritz Nonwoven

Andreas Lukas
Andritz Nonwoven

With forces in engineering and process development, Andritz Nonwoven...

Pierre Wiertz, EDANA

Pierre Wiertz
EDANA

EDANA, the international association serving the nonwovens and related...

Ashok Desai, Bombay Textile Research Association

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Yash P. Kotak, Bombay Hemp Company

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Sidharth Sinha, Sidharth Sinha

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

Sailesh Singhania, Sailesh Singhania Label

Sailesh Singhania
Sailesh Singhania Label

The Sailesh Singhania label was created to promote handwoven sarees and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


August 2019

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search