Dow Europe announces price hike for all grades of LDPE, LLDPE and HDPE resins by €100/tonne across European, Middle Eastern and African regions, effective Nov. 1; company also expects to scale back ethylene operating rates to match lower demand
November 1, 2011
– Effective November 1, 2011, or as contract terms allow, Dow Europe GmbH will increase prices for all grades of its low-density polyethylene (LDPE), linear low-density polyethylene (LLDPE) and high-density polyethylene (HDPE) resins by 100 Euros per metric ton.
In addition, Dow intends to idle four Low Density and Solution Polyethylene trains in Europe, and will be operating its remaining trains at reduced rates. Dow also intends to further reduce ethylene operating rates to match the lower demand.
Dow (NYSE: Dow) combines the power of science and technology with the "Human Element" to passionately innovate what is essential to human progress. The Company connects chemistry and innovation with the principles of sustainability to help address many of the world's most challenging problems such as the need for clean water, renewable energy generation and conservation, and increasing agricultural productivity. Dow's diversified industry-leading portfolio of specialty chemical, advanced materials, agrosciences and plastics businesses delivers a broad range of technology-based products and solutions to customers in approximately 160 countries and in high growth sectors such as electronics, water, energy, coatings and agriculture. In 2010, Dow had annual sales of $53.7 billion and employed approximately 50,000 people worldwide. The Company's more than 5,000 products are manufactured at 188 sites in 35 countries across the globe. 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.