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Dow Oxygenated Solvents to Increase Prices
Midland, MI - June 01, 2009 The Dow Chemical Company announced today that it will raise both the list and off-list prices for several products in the Oxygenated Solvents portfolio in North America effective July 1, 2009, or as contracts allow. This increase is driven by the continuous cost escalation of the key raw materials used to manufacture our products. "The escalating cost for propylene, a key raw material for our product portfolio, is the primary driver for this increase," says Mark Bassett, global business director, Oxygenated Solvents. “Economically, it is no longer feasible for us to continue producing the products required by our customers. We must raise our prices in order to maintain margins and reinvest in the future growth of our business.” About Dow For Editorial Information: Heather Gallegos |
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