CORPUS CHRISTI, Texas, July 2 /PRNewswire-FirstCall/ -- TOR Minerals
International (Nasdaq: TORM), producer of synthetic TiO2 color pigments,
specialty aluminas, and other high performance mineral fillers, announced
today a price increase for all grades of TiO2 color pigments (Hitox(R))
sold in North America.
Effective July 1, 2008 or as permitted by contracts, prices for all
TiO2 color pigment products will increase by up to $0.05 per pound. This
price increase is in addition to price increases that were put into effect
by the company in January of 2008. The company said that the price
increases were to partially offset the rapid increases in raw materials,
energy and transportation costs.
Headquartered in Corpus Christi, Texas, TOR Minerals is a global
manufacturer and marketer of specialty mineral and pigment products for
high performance applications with manufacturing and regional offices
located in the United States, Netherlands and Malaysia.
This statement provides forward-looking information as that term is
defined in the Private Securities Litigation Reform Act of 1995, and,
therefore, is subject to certain risks and uncertainties. There can be no
assurance that the actual results, business conditions, business
developments, losses and contingencies and local and foreign factors will
not differ materially from those suggested in the forward-looking
statements as a result of various factors, including market conditions,
general economic conditions, including the present slow down in U.S.
construction and the risks of a general business slow down or recession,
the increasing cost of energy, raw materials and labor, competition, the
receptivity of the markets for our anticipated new products, advances in
technology, changes in foreign currency rates, freight price increase,
commodity price increases, delays in delivery of required equipment and
other factors.
Contact for Further Information:
David Mossberg Beacon Street Group, LLC
(817) 310-0051
SOURCE TOR Minerals International
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Related links:
http://www.torminerals.com
CONTACT:
David Mossberg of Beacon Street Group, LLC,
+1-817-310-0051, for TOR Minerals International
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