Dow Europe GmbH Announces Price Increases for Polyethylene Resins

Horgen - May 21, 2008

Effective June 1, 2008, or as contract terms allow, Dow Europe will increase prices by 150 Euros per metric ton for all grades of its low-density polyethylene (LDPE), linear low-density polyethylene (LLDPE) , high-density polyethylene (HDPE) resins, and AFFINITY™ and ENGAGE™ polyolefin elastomers.

“The cost of oil is already twice as high as it was this time last year and industry reports tell us that it will continue to rise in the near future”, said Isidro Quiroga, commercial vice president, Basic and Performance Plastics for Europe and India, Middle East, Africa. ”This is seriously affecting our cost position and eroding our margins. We need to reflect the reality of the current feedstock cost situation in the price of our product. It is imperative that we restore margins to prevent business from becoming unaffordable and to avoid having to make asset decisions at a time when we are experiencing strong demand.” 

About Dow

®™^* Trademark of The Dow Chemical Company ("Dow") or an affiliated company of Dow

For Editorial Information:

Tania Cook
Dow Europe GmbH
+41 44 728 2481