Dow to Raise Prices of Glycol Ethers Products
March 29, 2009
HORGEN, Switzerland - Dow Europe GmbH will raise prices in Europe effective April 1, 2009, or as contracts allow, for products in the Glycol Ethers portfolio by EUR 50 to EUR 70 per metric ton dependent upon grade. This increase is required to address margin compression.
“The rapid decline in price has left margins at unsustainable levels,” said Martin Sutcliffe, Global Business Director, Glycol Ethers. “We must improve our margins, so we can afford to compete for raw materials and make the products our customers need.”