Resumen de Paint producers set for further TiO2 price rises
Coatings makers are raising their product prices to offset higher TiO2 prices in 2017.Paint producers are readying themselves for more increases in the costs for titanium dioxide (TiO2) pigment, with product price rises planned to soften the effect. Speaking to investors on January 25, Al Mistysyn, chief financial officer of Sherwin Williams, said that the upward pressure in 2017 had been a result of rising TiO2 prices, although he warned that there would be additional rising costs in 2018 associated with the petrochemical markets.On January 16, the chairman and CEO of PPG, Michael McGarry, told investors that his company expected raw material price inflation to continue “at least for the first two quarters [of 2018].”
