Titanium prices
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OKLAHOMA CITY, March 16 /PRNewswire-FirstCall/ -- Kerr-McGee Chemical LLC
and affiliates announce price increases for TRONOX(R) titanium dioxide
pigments. The following increases will be effective April 1, 2005 or as
contracts allow:
* US$.05 per pound increase in North America
* CN$.06 per pound increase in Canada
* euro 110 per tonne increase in Europe
* US$150 per tonne increase in Middle East and Africa
* US$100 per tonne increase in Asia and the Pacific area (excluding Japan)
Other increases may be announced locally within each region.
Kerr-McGee Chemical LLC is a wholly owned affiliate of Kerr-McGee Corp.
(NYSE: KMG), an Oklahoma City-based energy and inorganic chemical company with
worldwide operations and assets of more than $14 billion. For more
information on Kerr-McGee, visit https://www.kerr-mcgee.com .
Statements in this news release regarding the company's or management's
intentions, beliefs or expectations, or that otherwise speak to future events,
including realization of price increases, are "forward-looking statements"
within the meaning of the U.S. Private Securities Litigation Reform Act of
1995. These forward-looking statements include those statements preceded by,
followed by or that otherwise include the word "will" or similar words.
Future results and developments discussed in these statements may be affected
by numerous factors and risks, such as the accuracy of the assumptions that
underlie the statements, the price of titanium dioxide pigment and other
chemical products, uncertainties in interpreting engineering data, demand for
consumer products for which Kerr-McGee's chemical businesses supply raw
materials, the financial resources of competitors, changes in laws and
regulations, the ability to respond to challenges in international markets
(including changes in currency exchange rates), political or economic
conditions in areas where Kerr-McGee operates, trade and regulatory matters,
general economic conditions, and other factors and risks identified in the
Risk Factors section of the company's Annual Report on Form 10-K and other U.S.
Securities and Exchange Commission filings. Actual results and developments
may differ materially from those expressed or implied in this news release.