2005-08-26 |
Supply for polyethylene, polypropylene and polystyrene remains tight due to strong demand for Dow resins globally from converters, while high raw material and energy costs continue to pressure Dow margins. Based on this situation, Dow Europe GmbH is announcing a price increase across the European region for all polyethylene, polypropylene and polystyrene resins. "We cannot afford to lie back and keep absorbing increases in energy and raw material costs of this magnitude," said Markus Wildi, Commercial Vice President of Dow´s Base Plastics portfolio in Europe, the Middle East and Africa. The cost of oil and naphtha broke records in recent days, climbing to $67 per barrel and $543.50 per ton respectively. "We have to be more aggressive in actively managing our margins to ensure that we have a platform for reinvestment in manufacturing and innovation for our customers." Effective September 1, 2005, Dow Europe will increase:
Additionally, effective October 1, 2005, Dow Europe will increase: |
Dow Europe GmbH, Horgen, Switzerland
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