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Dow Announces Price Increase on Propylene Glycols and Propylene Oxide

Published on 2004-12-08. Author : SpecialChem

Midland, MI -- The Dow Chemical Company has announced that effective January 1, 2005, it will increase prices for its propylene oxide and propylene glycol products. Prices will increase by $0.10/lb in North America and Latin America for propylene glycol industrial (PGI), propylene glycol USP/EP (PGUSP/EP), dipropylene glycol (DPG), dipropylene glycol LO+ and propylene oxide (PO).

Dow will also increase tripropylene glycol and tripropylene glycol acrylate grade (TPG-AG) prices by $0.16/lb in North and Latin America, effective on the same date.

Additionally, Dow will maintain its 80% order control in North America for all aforementioned products until further notice.

"The overall supply/demand situation in propylene glycol and propylene oxide remains tight, and we do not see any respite in the near term," said Antulio Borneo, commercial director, Dow Oxides and Glycols. "High energy costs and tight supply of propylene monomer, a key raw material in the production of propylene glycol, have also influenced Dow's decision to increase prices for its products."

Dow, with a global capacity of more than one billion pounds, is the industry leader in the manufacture of propylene glycol.
With a global capacity of more than four billion pounds, Dow is the industry leader in the manufacture of propylene oxide. Dow has production facilities in Texas, Louisiana, Germany and Brazil.

Dow offers propylene oxide, monopropylene glycol (MPG), dipropylene glycol (DPG) and tripropylene glycol (TPG) globally.
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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