Midland, MI - October 14, 2005
The Dow Chemical Company will increase all list and off-list prices by $0.02/lb in the Americas and the Caribbean, effective November 1, 2005. This increase is in addition to the previously announced increase of $ 0.08/lb, effective October 15, 2005.
The products to which this price increase applies are: propylene glycol industrial grade (PGI), propylene glycol USP/EP grade (PG USP/EP), dipropylene glycol grade (DPG), dipropylene glycol LO+ grade (DPG LO+), tripropylene glycol regular grade (TPG), and tripropylene glycol acrylate grade (TPG AG).
"Prices for raw materials and natural gas, essential to the production of propylene glycols, continue to escalate" said Antulio Borneo, Commercial Director, Dow Oxides & Glycols. "The continued, rapidly rising costs associated with these factors necessitate this further price increase."
The company continues its Force Majeure status for propylene glycols, which it declared as a result of the impact of Hurricane Katrina. Dow's Plaquemine, Louisiana and Freeport, Texas propylene glycols operations were interrupted by preparations for Hurricanes Katrina and Rita, respectively. Both propylene glycols plants are currently operating.
"Though propylene glycols production at our U.S. Gulf Coast plants has been restored, the availability of natural gas and raw materials and complications associated with transportation services resulting from the hurricanes continue" Borneo said. "These factors continue to inhibit and disrupt supply".
For more information about propylene glycols, visit www.dowpg.com.
About The Dow Chemical Company
Dow is a leader in science and technology, providing innovative chemical, plastic and agricultural products and services to many essential consumer markets. With annual sales of $40 billion, Dow serves customers in 175 countries and a wide range of markets that are vital to human progress: food, transportation, health and medicine, personal and home care, and building and construction, among others. Committed to the principles of sustainable development, Dow and its 43,000 employees seek to balance economic, environmental and social responsibilities. References to "Dow" or the "Company" mean The Dow Chemical Company and its consolidated subsidiaries unless otherwise expressly noted.
For Editorial Information:
Amy Ahlich
The Dow Chemical Company
(989) 636-3587
Josiah McClellan
Gibbs & Soell, Inc.
(212) 697-2600
