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CORPUS CHRISTI, Texas -- TOR Minerals International (Nasdaq:TORM)
producer of natural titanium dioxide pigments and specialty aluminas announced
that effective October 15th, prices for HITOX® and HITOX ULX TiO2
products increased by $0.04 per pound. This price increase
follows a $0.05 per pound increase that was implemented during the first quarter
of 2005 and reflects favorable supply and demand trends in the TiO2
industry. Based in Corpus Christi, Texas, TOR Minerals is
an international manufacturer of specialty mineral products for high performance
applications with plants 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
risks of a general business slow down or recession, the increasing cost of energy,
raw materials and labor, competition, advances in technology, changes in foreign
currency rates, freight price increase, commodity price increases, delays in delivery
of required equipment and other factors. Source:
TOR Minerals |