Dow to increase VAM prices by US$66/tonne in North America, US$50/tonne in Latin America, Middle East, Africa and Asia, and euro 66/tonne in Europe
Liling Tan
MIDLAND, Michigan
,
August 25, 2009
(press release)
–
The Dow Chemical Company (NYSE: DOW) announced today that it will increase the off schedule price in all regions for Vinyl Acetate Monomer effective September 1, 2009, or as contracts allow. The increase amounts by region are noted below in the table.
Product
North America
Latin America
Middle East & Africa
Asia Pacific
Europe
Vinyl
Acetate
Monomer US$66 per MT
US$50 per MT
US$50 per MT
US$50 per MT
66 € per MT
This increase is necessitated by the cost escalation of raw materials, particularly ethylene and
methanol, key for the production of Vinyl Acetate Monomer.
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About Dow Dow is a diversified chemical company that combines the power of science and technology with the “Human Element” to constantly improve what is essential to human progress. The Company delivers a broad range of products and services to customers in approximately 160 countries, connecting chemistry and innovation with the principles of sustainability to help provide everything from fresh water, food and pharmaceuticals to paints, packaging and personal care products. In 2008, Dow had annual sales of $57.5 billion and employed approximately 46,000 people worldwide. The Company has 150 manufacturing sites in 35 countries and produces approximately 3,300 products. On April 1, 2009, Dow acquired Rohm and Haas Company, a global specialty materials company with sales of $10 billion in 2008, 98 manufacturing sites in 30 countries and approximately 15,000 employees worldwide. References to “Dow” or the “Company” mean The Dow Chemical Company and its consolidated subsidiaries unless otherwise expressly noted. More information about Dow can be found at www.dow.com.
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