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Dow Announces Price Increase for Acrylates in All Regions

Midland, MI - September 11, 2007

The Dow Chemical Company and its affiliates (“Dow”) announce off schedule price increases for acrylic acid and esters, also known as acrylic monomers or acrylates, effective October 1, 2007, or as otherwise allowed by individual contract terms. Dow will increase off-schedule prices for butyl acrylate, 2-ethylhexyl acrylate, ethyl acrylate, methyl acrylate, and glacial acrylic acid globally as follows:

  • in North America by US$0.03 per pound

  • in Asia Pacific by US$70 per metric ton

  • in Middle East/Africa by US$70 per metric ton

  • in Latin America by US$70 per metric ton

  • in Europe by 50 Euros per metric ton.

This is in addition to the September 1, 2007 price increase announced by Dow on August 10, 2007.

“Strong demand, planned and unplanned production outages at several North American producers, and limited availability of key alcohols have contributed to a considerable tightening of the acrylates market in recent weeks,” explained Mark Bassett, global business director for the Acrylic Monomers business of The Dow Chemical Company. “The decrease in imports into North America is further evidence of the cost, supply-demand, and margin compression issues.” In addition, propylene, a key raw material, remains at record-high levels, with no expectations for significant relief for the remainder of the year.

Dow is one of the world’s largest participants in the acrylic acid and esters (acrylic monomers or acrylates) marketplace, with a complete portfolio of acrylate materials that provide selection, quality and consistency for a wide range of applications. Acrylic monomers are used in dispersions and emulsions for adhesives, coatings, inks, woven and non-woven textiles, plastics and polymers and superabsorbent products. For more information about acrylic monomers or acrylates, visit www.dowacrylates.com.

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For Editorial Information:

Holly LaRose-Roenicke
The Dow Chemical Company
(989) 638.7703