DuPont Titanium Technologies Raises Titanium Dioxide Prices Due to Rising Cost Increases

WILMINGTON, Delaware, June 19/PRNewswire/ --
			

    DuPont Titanium Technologies today announced its second global price
increase for titanium dioxide in two weeks in an attempt to keep pace with
rapidly rising costs of energy and raw materials.



    Increases announced today become effective on July 15. These increases,
of approximately $150 (USD) per ton, are in addition to those announced two
weeks ago. Those increases take effect on July 1.



    "We believed the increases announced earlier in June would be adequate to
offset rising costs, but with oil now approaching $140 (USD) per barrel,
there is simply no alternative to this action," said Richard C. Olson, vice
president and general manager -- DuPont Titanium Technologies. "We don't take
these unprecedented steps lightly because we know they will travel eventually
down the entire value chain."



    Olson said the cumulative effect of increases announced since the
beginning of 2008 would result in third quarter DuPont titanium dioxide
prices that are approximately 15 percent higher in U.S. dollars compared to
the beginning of this year. He said specifics of the latest increases will be
announced shortly in the various regions.



    DuPont Titanium Technologies is the world's largest manufacturer of
titanium dioxide, serving customers globally in the coatings, paper and
plastics industries. The company operates plants at DeLisle, Miss.; New
Johnsonville, Tenn.; Edge Moor, Del.; Altamira, Mexico; and Kuan Yin, Taiwan;
all of which use the chloride manufacturing process. The company also
operates a plant in Uberaba, Brazil, for finishing titanium dioxide and a
mine in Starke, Fla. Technical service centers are located in Uberaba,
Brazil; Mexico City, Mexico; Mechelen, Belgium; Kuan Yin, Taiwan; Ulsan,
Korea; Shanghai, China; and Wilmington, Del., to serve the Latin American,
European, Middle Eastern, Asian and North American markets.



    DuPont (NYSE: DD) is a science-based products and services company.
Founded in 1802, DuPont puts science to work by creating sustainable
solutions essential to a better, safer, healthier life for people everywhere.
Operating in more than 70 countries, DuPont offers a wide range of innovative
products and services for markets including agriculture and food; building
and construction; communications; and transportation.



    6/19/08


    
    Contact: Kimberlie A. Lantz
             +1-302-999-2361
             kimberlie.a.lantz@usa.dupont.com


    Web site: http://www.titanium.dupont.com




Source: DuPont Titanium Technologies

Kimberlie A. Lantz of DuPont Titanium Technologies, +1-302-999-2361, kimberlie.a.lantz@usa.dupont.com