Dow Oxygenated Solvents to Increase Prices
June 7, 2009
MIDLAND, MI - The Dow Chemical Co. announced 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 products. "The escalating cost for propylene, a key raw material for our product portfolio, is the primary driver for this increase," said 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.”
For additional information, visit www.dowchemicals.com.