RED BANK, N.J., March 17, 2003 (PRIMEZONE) -- Millennium Chemicals (NYSE:MCH) ("Millennium") announced today price increases in North America on the sale of titanium dioxide (TiO2) products for the paper, elastomer and rubber industries.
Effective April 1, 2003, Millennium will increase the price of its Tiona(r) TiO2 for paper, elastomer and rubber by US $0.04 per pound in the United States, and CAN $0.06 in Canada. Products for paper laminate products are not included in this announcement.
Millennium Chemicals (website: www.millenniumchem.com) is a major international chemicals company, with leading market positions in a broad range of commodity, industrial, performance and specialty chemicals.
Millennium Chemicals Inc. is:
-- The second-largest producer of TiO2 in the world and a leading producer of titanium tetrachloride, and other products, including zirconia, cadmium/selenium pigments and silica gel;
-- the second-largest producer of acetic acid and vinyl acetate monomer in North America, and through its partnership interest in La Porte Methanol Company, LP, a partner in a leading U.S. producer of methanol;
-- a leading producer of fragrance chemicals; and,
-- through its partnership interest in Equistar Chemicals, LP, a partner in the second-largest producer of ethylene, and the third-largest producer of polyethylene in North America and a leading producer of ethylene oxide and its derivatives and high value-added specialty polymers.