Cristal Announces TiO2 Price Increases.HUNT VALLEY, Md. & JEDDAH, Saudi Arabia -- First graph, first sentence of release should read: effective on October 15, 2007 (sted effective on November 1, 2007). The corrected release reads: CRISTAL ANNOUNCES TIO TIO Telecommunications Industry Ombudsman (Australia) TIO Technology Innovation Office TIO Turn It Off TIO Take It Off TIO Times of India TIO Tropical Intraseasonal Oscillation TIO Television Information Office 2 PRICE INCREASES Cristal Global (Cristal) announced today price increases on the sale of all rutile rutile, mineral, one of three forms of titanium dioxide (TiO2; see titanium). It occurs in crystals, often in twins or rosettes, and is typically brownish red, although there are black varieties. and anatase an·a·tase n. A rare blue or light yellow to brown crystalline mineral, the rarest of three forms of titanium dioxide, TiO2, used as a pigment, especially in paint. Tiona([R]) and Cristal titanium dioxide (TiO2) products sold to all end use markets world wide effective on October 15, 2007. In the U.S. and Canada, prices will increase by US $0.06 per pound. In Europe, prices will increase by EU 90 per metric ton. In the Middle East and Africa, prices will increase by US $120 per metric ton. In Central and South America, prices will increase by US $120 per metric ton. In the Asia Pacific region, prices will increase by US $100 per metric ton. This price increase is in addition to previously announced price increases. It is necessary to compensate for increases in costs and to allow improvement in operating margins, which have been compressed to unsustainable levels. National Titanium Dioxide Company Ltd. ("Cristal") and Millennium Inorganic Chemicals (MIC) combine to form the world's second-largest producer of titanium dioxide and a leading producer of titanium chemicals. Cristal and MIC operate nine manufacturing plants in six countries and employ more than 3,700 people worldwide. Millennium Inorganic Chemicals ("MIC") (www.millenniumchem.com) is a wholly-owned subsidiary of Cristal. "TASNEE," a Saudi major diversified company diversified company A company engaged in varied business operations not directly related to one another. A diversified company is less likely to suffer either a collapse or a spectacular gain in earnings compared with a firm concentrating its operations in a with chemicals and petrochemicals operations, owns 66 percent of Cristal, while 33 percent of Cristal is owned by Gulf Investment Corporation ("GIC GIC See: Guaranteed Investment Contract GIC See guaranteed investment contract (GIC). "), an investment house established in Kuwait by the GCC GCC: see Gulf Cooperation Council. (compiler, programming) GCC - The GNU Compiler Collection, which currently contains front ends for C, C++, Objective-C, Fortran, Java, and Ada, as well as libraries for these languages (libstdc++, libgcj, etc). countries. |
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