Dryvit Systems has announced a price increase on all products containing Titanium Dioxide. TiO2 is used in many different products, including paints, coatings, plastics, paper, inks, fibers, food and cosmetics.
This necessary increase is due to a 36 percent jump-since
June-in the price the company pays for TiO2. Producers of TiO2 cite higher
production and energy costs, coupled with a record demand, as the principal
factors in this rapidly escalating pricing, with no short term end in sight.
“There is no substitute for TiO2 in our products,” said Mike
Murphy, vice president of sales for Dryvit. “Regrettably, we have no choice but
to have a price increase on these products effective December 1, 2011. As
always, we will continue to do everything in our power to contain costs,
without sacrificing product quality.”
The increases will be as follows:
- Paints, coatings and primers - $6.00/pail
- Pigmented textured finishes and tint bases - $2.00/pail
- Major colorant used to achieve bright, accent colors -