In the titanium dioxide prices continue to rise, the pattern of supply and demand imbalance, May 12 DuPont announced a major expansion of production capacity of titanium dioxide comprehensive plan, its global production capacity 35 million tons. Analysts believe the move will greatly enhance the global supply of titanium dioxide help to stabilize the high price.
It is reported that the expansion plan includes the DuPont plant in Mexico Alta add new production lines, and located in different parts of the world other titanium dioxide production plant to increase investment to boost production capacity. Among them, the investment of more than 500 million U.S. dollars in Alta plant plans new production line completed by the end of 2014, providing about 20 million tons per year capacity. In addition, in the next three years, DuPont is currently being carried out five titanium dioxide production plant to upgrade the facilities will continue to add 15 million tons production capacity.
In addition to the expansion of existing plants, DuPont will continue to seek other ways to increase production capacity, including the continued commitment to promote investment projects in China, Dongying, and concerned about the growth opportunities elsewhere in the world.
"Titanium dioxide expansion certainly be an advantage to our downstream business." Akzo Nobel China President Chen Fade yesterday in a telephone interview with this reporter, said titanium dioxide prices have been too high, the expansion will increase the supply and adjust supply and demand, the long run help to titanium dioxide prices.
Titanium dioxide is a widely used in paints, plastics and paper the area of white paint. As the world's largest manufacturer of titanium dioxide, DuPont titanium dioxide is a globally recognized industry leader.
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