“We do not hear evidence from our customers of reformulation away from titanium dioxide (TiO2),” Peter Huntsman, CEO of Huntsman Corp. told analysts in opposition to recent news from leading paint companies like PPG.
The CEO of the US-based pigment and chemicals producers said, however, that there was “a greater acceptance and use of lower quality Chinese-produced materials” in the market and that this was driven by aggressive pricing by Chinese...