Dow Announces Price Increase for Chelant Products
Dow has announced that it will increase all list prices globally for all grades of VERSENE(TM) chelating agents, effective July 1, 2008, or as otherwise allowed by individual contract terms. Dow will increase prices for these products by US$0.05/lb for liquids and US$0.10/lb for powders.
The chemical industry continues to experience unprecedented escalation in raw material feedstock and energy costs. As recently reported in the press by Dow CEO Andrew Liveris, Dow's first quarter feedstock and energy bill leapt a staggering 42 percent in year over year and that trajectory has continued with the cost of oil and natural gas climbing ever higher. We can no longer absorb these dramatic cost increases and must implement these significant price increases in order to offset the rising costs to manufacture and transport our products and remain a strong and reliable supplier.
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