Dow Europe Announces Price Increase for Latex

Horgen, Switzerland - May 15, 2006

Effective June 1, 2006, or as contract terms allow, Dow Europe GmbH is increasing the price on all grades of latex sold to the paper, carpet, paint, construction and adhesives industries in Europe, the Middle East, Africa and India, by 10 to 15 percent.

“We continue to experience an unprecedented escalation in raw material costs,” says Giuliano Tomassi, Commercial Director for Dow Latex, Europe, IMA. “That combined with the soaring utilities costs continue to put intense upward pricing pressure on our Latex business.”

Dow is a diversified chemical company that harnesses the power of science and technology to improve living daily. The Company offers a broad range of innovative products and services to customers in more than 175 countries, helping them to provide everything from fresh water, food and pharmaceuticals to paints, packaging and personal care products. Built on a commitment to its principles of sustainability, Dow has annual sales of $46 billion and employs 42,000 people worldwide. References to "Dow" or the "Company" mean The Dow Chemical Company and its consolidated subsidiaries unless otherwise expressly noted.

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For Editorial Information:

Teresa Hak
Dow Europe GmbH
+41 44 728 3187

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