Industry News

Dow Announces Price Increase for Diphenyl Oxide (DPO)

Published on 2004-09-21. Author : SpecialChem

Midland, MI --Effective October 1, 2004, or as contracts allow, The Dow Chemical Company will raise of-list prices of Diphenyl Oxide by $0.15/lb. This increase is being implemented as a result of the continuing pressure from rising raw material costs, product support costs and market price pressures.

"Dramatic changes in raw material costs require that we take immediate action to increase prices and maintain our margins on DPO,” said Pete Pendergast, Americas Marketing Manager for DPO and Heat Transfer Fluids. “While Dow continues to implement cost reduction and productivity improvement programs, they are not sufficient to compensate for dramatic increases in raw material, energy and transportation costs. Restoring margins are essential to ensuring long term product supply to our customers.”

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 $33 billion, Dow serves customers in more than 180 countries and a wide range of markets that are vital to human progress, including 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 approximately 46,000 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.

Source: Dow

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