Dow Europe Announces Price Increase for Polyethylene, Polypropylene and Polystyrene Resins
Supply for polyethylene, polypropylene and polystyrene remains tight due to strong demand for Dow resins globally from converters, while high raw material and energy costs continue to pressure Dow margins. Based on this situation, Dow Europe GmbH is announcing a price increase across the European region for all polyethylene, polypropylene and polystyrene resins.
"We cannot afford to lie back and keep absorbing increases in energy and raw material costs of this magnitude," said Markus Wildi, Commercial Vice President of Dow's Base Plastics portfolio in Europe, the Middle East and Africa. The cost of oil and naphtha broke records in recent days, climbing to $67 per barrel and $543.50 per ton respectively. "We have to be more aggressive in actively managing our margins to ensure that we have a platform for reinvestment in manufacturing and innovation for our customers."
Effective September 1, 2005, Dow Europe will increase by 110 Euro per metric ton for all grades of its low-density polyethylene (LDPE) resins and high-density polyethylene (HDPE) resins, DOWLEX* polyethylene resins, ATTANE* ultra low density polyethylene (ULDPE) copolymers, ELITE* enhanced polyethylene resins, ASPUN* fiber grade resins, by 100 Euro per metric ton for all grades of its INSPIRE* performance polymers and polypropylene (PP) resins, and by 130 Euro per metric ton for all grades of its general purpose polystyrene resins (GPPS), high impact polystyrene resins (HIPS) and STYRON A-TECH* advanced technology polystyrene resins.
Additionally, effective October 1, 2005, Dow Europe will increase by 110 Euro per metric ton for all grades of its low-density polyethylene (LDPE) resins and high-density polyethylene (HDPE) resins, DOWLEX* polyethylene resins, ATTANE* ultra low density polyethylene (ULDPE) copolymers, ELITE* enhanced polyethylene resins, ASPUN* fiber grade resins.
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