PPG Industries sees TiO2 price decline in 2013
Published: Tuesday, 15 January 2013
Paint industry to strengthen over the next year, particularly in Asia Pacific
Leading paint producer PPG Industries improved the margins in its coating business by roughly 13%, and its earnings by 30%, on the back of modest decreases in titanium dioxide (TiO2) prices for Q4 2012.
The US-based company also reduced its consumption of TiO2 by 4% per can and sees opportunities...