Midland, MI - October 14, 2005
The Dow Chemical Company will increase its list and off-list selling prices for ethylene oxide (EO) by $0.10 per pound and triethylene glycol (TEG) and tetraethylene glycol (Tetra) by $.08 per pound in North America, or as otherwise allowed by individual contract terms.
"Rapidly escalating costs and restricted supply of feedstocks, energy and logistics associated with the impact of two hurricanes in less than a month on the U.S. Gulf Coast continue to impact costs, production and delivery of EO, TEG and Tetra" said John O. Smith, Commercial Manager, Dow EO and Higher Glycols. "These factors necessitate this price increase and continue to disrupt the manufacture and delivery of these products from Dow."
Dow continues Force Majeure for TEG and Tetra due to the continued impact of Hurricanes Katrina and Rita on natural gas, raw material and transportation services availability. Dow is currently allocating TEG and Tetra at 100 percent of average monthly volumes or as contracts allow.
For more information about ethylene oxide, visit www.doweo.com. For more information about triethylene glycol and tetraethylene glycol, visit www.doweg.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

