Rheinmünster, Germany - July 25, 2006
Due to continued increases in raw material prices, Dow will raise prices for all STYROFOAM™ EXTRUDED POLYSTYRENE FOAM products across Europe, effective September 1, 2006.
"The current pricing of STYROFOAM™ products does not allow for sufficient margins due to continued increases in key raw material costs," said Christophe Marché, European Asset Manager for Dow Building Solutions. Based on this situation, Dow is announcing a price increase across the European regions of 8 Euro/m3 for all STYROFOAM™ products, effective September 1, 2006, or as contract terms allow.
This new price increase is additional to the price increase announced for June 15th. Further price increases are anticipated if raw material costs continue to increase, said Mr. Marche.
About The Dow Chemical Company
Dow is a diversified chemical company that harnesses the power of science and technology to improve living daily. The Company offers a broad range of innovative products and services to customers in more than 175 countries, helping them to provide everything from fresh water, food and pharmaceuticals to paints, packaging and personal care products. Built on a commitment to its principles of sustainability, Dow has annual sales of $46 billion and employs 42,000 people worldwide. References to "Dow" or the "Company" mean The Dow Chemical Company and its consolidated subsidiaries unless otherwise expressly noted.
More information about Dow can be found at www.dow.com and www.styrofoameurope.com.
For Editorial Information:
Doug McCollum
Dow Building Solutions Europe
(+49) 7227 91 4307
