We reduced our production volumes during the second quarter to approximately 86% of practical capacity utilization in order to align our production and inventory levels with current and anticipated near-term demand levels for our TiO2 products. We currently expect to operate our facilities at approximately 90% to 95% for all of 2012.While aggregate global demand for TiO2 products have decreased in line with the recent deterioration of global economic conditions, markets in North America and certain export markets continued to show relative strength. We expect demand for TiO2 products will increase as economic conditions improve in the various regions of the world, with chronic shortage conditions returning upon aggregate global economic activity equivalent to approximately the 2011 levels. In the near term, we expect to see intermittent periods of availability and shortage of TiO2 products.
Kronos Worldwide's CEO Discusses Q2 2012 Results - Earnings Call Transcript
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