International. After registering increases of up to 200% in the price of titanium dioxide and facing a shortage of the product during the months, Latin American formulators place their hopes in the new production plant of that mineral that the multinational DuPont opened in Altamira, Mexico.
This plant meant an increase in the production capacity of titanium dioxide, which should lead to an increase in annual exports of between 10% and 12%, according to Guillermo Miller, director of Foreign Trade of the National Association of the Chemical Industry of Mexico (ANIQ).
DuPont invested about $500 million in the set-up of that plant, in order to reach 200,000 tons of TiO2 per year. The capacity available so far only reached 140,000 tons per year.
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