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Chemours Announces Titanium Dioxide Price Increase

2017-02-07 18:27
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WILMINGTON, Del., Feb. 7, 2017 /PRNewswire/ -- The Chemours Company (Chemours) (NYSE: CC), today announced a price increase on all Ti-Pure titanium dioxide grades sold in North America, Canada, Asia- Pacific, Latin America, Europe, the Middle East and Africa regions.

Effective March 1, 2017 or as contracts and law allow, a net price increase of $.06/pound (USD) will apply for all Ti-Pure titanium dioxide grades sold in North America and Canada.

Effective March 1, 2017 or as contracts and law allow, a net price increase of $150 (USD) per tonne will apply  for all Ti-Pure titanium dioxide grades sold in Asia Pacific. 

Effective March 1, 2017 or as contracts and law allow, a net price increase of $200 (USD) per tonne will apply for all Ti-Pure titanium dioxide grades sold in Latin America, the Middle East, Eastern Europe and Sub-Saharan Africa.

Effective March 1, 2017 or as contracts and law allow, a net price increase of €200 (Euros) per tonne will apply for all Ti-Pure titanium dioxide grades sold in Western and Central Europe, Turkey and North Africa.

About The Chemours Company

The Chemours Company (NYSE: CC) helps create a colorful, capable and cleaner world through the power of chemistry.  Chemours is a global leader in titanium technologies, fluoroproducts and chemical solutions, providing its customers with solutions in a wide range of industries with market-defining products, application expertise and chemistry-based innovations.  Chemours ingredients are found in plastics and coatings, refrigeration and air conditioning, mining and oil refining operations and general industrial manufacturing.  Our flagship products include prominent brands such as Teflon™, Ti-Pure™, Krytox™, Viton™, Opteon™, Freon™, and Nafion™.  Chemours has approximately 8,000 employees across 35 manufacturing sites serving more than 5,000 customers in North America, Latin America, Asia-Pacific and Europe.  Chemours is headquartered in Wilmington, Delaware and is listed on the NYSE under the symbol CC.  For more information please visit chemours.com or follow Chemours on Twitter at @chemours.

Forward-Looking Statements

This press release contains forward-looking statements, which often may be identified by their use of words like "plans," "expects," "will," "believes," "intends," "estimates," "anticipates" or other words of similar meaning. These forward-looking statements address, among other things, our anticipated future operating and financial performance, business plans and prospects, transformation plans, resolution of environmental liabilities, litigation and other contingencies, plans to increase profitability, our ability to pay or the amount of any dividend, and target leverage that are subject to substantial risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. Forward-looking statements are not guarantees of future performance and are based on certain assumptions and expectations of future events which may not be realized. The matters discussed in these forward-looking statements also are subject to risks, uncertainties and other factors that could cause actual results to differ materially from those projected, anticipated or implied in the forward-looking statements, as further described in our filings with the Securities and Exchange Commission, including our annual report on Form 10-K for the fiscal year ended December 31, 2015. Chemours undertakes no duty to update any forward-looking statements.

 

Source: Chemours Chemicals (Shanghai) Co., Ltd.

Related stocks: NYSE:CC

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