DuPont’s third-quarter profit rose by 23%, exceeding analysts’ expectations. The rising price of titanium dioxide has become one of the profit growth points.
CEO Ellen Kullman stated that despite the turbulence in the global economy and market environment, we have achieved robust growth by introducing innovative products and processing technologies, strict quality control and continuous improvement in productivity.
Affected by the increase in the price of titanium dioxide, sales of special chemicals increased by 28% to US$2.1 billion.
In the next few years, DuPont will invest US$500 million in the expansion of titanium dioxide production, including a new production line at its plant in Mexico.
David Begleiter, a New York analyst at Deutsche Bank, said that in the case of titanium dioxide in short supply and rising cost of titanium mines, the United States has continued to raise prices. It is estimated that the price of titanium dioxide will remain firm in 2012. Affected by the increase in the price of titanium dioxide, sales of special chemicals increased by 28% to US$2.1 billion.
In the next few years, DuPont will invest US$500 million in the expansion of titanium dioxide production, including a new production line at its plant in Mexico.
David Begleiter, a New York analyst at Deutsche Bank, said that in the case of titanium dioxide in short supply and rising cost of titanium mines, the United States has continued to raise prices. It is estimated that the price of titanium dioxide will remain firm in 2012.
CEO Ellen Kullman stated that despite the turbulence in the global economy and market environment, we have achieved robust growth by introducing innovative products and processing technologies, strict quality control and continuous improvement in productivity.
DuPont Performance Chart
Affected by the increase in the price of titanium dioxide, sales of special chemicals increased by 28% to US$2.1 billion.
In the next few years, DuPont will invest US$500 million in the expansion of titanium dioxide production, including a new production line at its plant in Mexico.
David Begleiter, a New York analyst at Deutsche Bank, said that in the case of titanium dioxide in short supply and rising cost of titanium mines, the United States has continued to raise prices. It is estimated that the price of titanium dioxide will remain firm in 2012. Affected by the increase in the price of titanium dioxide, sales of special chemicals increased by 28% to US$2.1 billion.
In the next few years, DuPont will invest US$500 million in the expansion of titanium dioxide production, including a new production line at its plant in Mexico.
David Begleiter, a New York analyst at Deutsche Bank, said that in the case of titanium dioxide in short supply and rising cost of titanium mines, the United States has continued to raise prices. It is estimated that the price of titanium dioxide will remain firm in 2012.
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