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Millennium Chemicals Announces Price Increase for TiO2 Products

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By: DAVID SAVASTANO

Contributing Editor, Coatings World and Ink World, Coatings World and Ink World Magazine

Millennium Chemicals announced price increases on the sale of all titanium dioxide products sold to all end-use market applications in all world areas. Effective March 1, Millennium will increase TiO2 prices by $0.05 per pound in the U.S.; CAN $0.10 per pound in Canada; 150 Euros per metric ton in Europe, the Middle East and Africa; USD $100 per metric ton in Asia/Pacific and Latin America; AUS $150 per metric ton in Australia; and USD $50 in Brazil. The increases were announced to begin to restore margins, which have become unacceptably poor after more than a year of rapid and excessive decreases in all world areas, according to the company.

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