Industry News

Dow Announces a Price Increase for Vinyl Acetate Monomer in All Regions

Published on 2007-07-25. Author : SpecialChem

Midland, MI -- The Dow Chemical Company ("Dow") announced that, effective immedately or as otherwise allowed by individual contract terms, it will increase list and off-list selling prices for vinyl acetate monomer (VAM) in North America by US$0.18 per pound. In addition, Dow will increase prices in Latin America, India/Middle East/Africa and Asia Pacific by US$400 per metric ton and in Europe by 300 Euros per metric ton."Currently, the VAM industry is experiencing extremely tight global supply, high demand and continually rising raw material and freight costs" said Antulio Borneo, Global Business Director, Vinyl Acetate Monomer. "These conditions have made it necessary for Dow to increase its prices to continue to reliably serve its VAM customers, to manage high current demand and recover escalating costs."

About Dow

Dow is a diversified chemical company that harnesses the power of innovation, science and technology to constantly improve what is essential to human progress. The Company offers a broad range of 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 $49 billion and employs 43,000 people worldwide. References to "Dow" or the "Company" mean The Dow Chemical Company and its consolidated subsidiaries unless otherwise expressly noted.

Source: Dow

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