Today DuPont Titanium Technologies, part of the company’s Performance Chemicals segment, announced that it remains on track to complete the planned expansion of its existing high-efficiency, low-cost titanium dioxide (TiO2) facility in Altamira, Mexico, in 2015, and begin production at the plant in 2016. The new plant will enable DuPont Titanium Technologies to improve the efficiency of its TiO2 production and increase its flexibility to adjust its production output up or down to respond to global demands.
Annual global TiO2 market growth tracks global GDP, requiring about 150,000 to 200,000 metric tons of additional product to serve the marketplace each year. “Based on our current market outlook, we expect demand to increase gradually in the 2016-2018 time frame. DuPont Titanium Technologies will leverage the cost advantage of its Altamira facility at start-up in 2016 and continue to manage its production assets in order to remain well-positioned to deliver high-quality titanium dioxide to meet the ever changing needs of our customers,” said BC Chong, president DuPont Titanium Technologies.
DuPont Titanium Technologies is the global leader in the TiO2 industry, providing innovation, new offerings and the highest quality Ti-Pure™ products and solutions to the more demanding market segments, helping our customers grow in their specific industries. DuPont is on track to separate the DuPont Performance Chemicals segment, through a tax-free spin in mid-2015.
DuPont (NYSE: DD) has been bringing world-class science and engineering to the global marketplace in the form of innovative products, materials, and services since 1802. The company believes that by collaborating with customers, governments, NGOs, and thought leaders, we can help find solutions to such global challenges as providing enough healthy food for people everywhere, decreasing dependence on fossil fuels, and protecting life and the environment. For additional information about DuPont and its commitment to inclusive innovation, please visit www.dupont.com.
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Gregg M. Schmidt