The Dow Chemical Co. has announced that it will raise list and off-list prices on a number of its oxygenated solvents products in North America effective April 1, 2008, or as contracts allow. This increase is primarily driven by the continuous rise in raw material and energy costs.
“Despite continuous improvements in our manufacturing efficiency we cannot absorb record price levels for raw materials,” said Martin Sutcliffe, Global Business Director, Glycol Ethers. “This price increase is imperative to maintain margins and reinvest in the future growth of our business.”