DuPont Titanium Technologies’ (DTT) has announced that with its modern titanium dioxide (TiO2) manufacturing base and streamlined global sales and service organization, the company has shown improvements in the first half of 2009 compared with the first half of 2008. The evidence of the business’ efforts to improve operating leverage includes: 28% reduction in working capital; 15% reduction in plant fixed costs; 17% reduction in SARM (sales and marketing, administrative costs, research and management expenses); and a 57% reduction in capital expenditure. Growth in emerging markets is expected to account for 70 – 80% of future growth in the TiO2 industry.
