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Dow Ends Force Majeure for PO and PG

Published on 2005-12-02. Author : SpecialChem

Midland, MI -- The Dow Chemical Company ("Dow") announced that, effective December 1, 2005, it will end force majeure and related volume allocation for propylene oxide (PO) and propylene glycols (PG). The company declared force majeure on September 1, 2005 due to disruptions to transportation logistics and raw material and energy supply constraints related to Hurricanes Katrina and Rita.

"Due to the combined impact of two hurricanes on the U.S. Gulf Coast in less than a month and increased seasonal demand for PG products, we anticipate that PO and PG products will continue to be in fairly tight supply," said Antulio Borneo, commercial director for Dow Oxides & Glycols. "However, barring unforeseen changes in circumstances, we have recovered sufficiently from hurricane-related issues and expect to supply customers with PO and PG as before the hurricanes."

In addition, effective January 1, 2006, Dow has announced that it will increase prices for PO by $0.10 per pound in the Americas.

"Several factors contribute to the need for this price increase," said Borneo, "including tight supply, strong demand and high fuel, raw material and energy costs."

With a global capacity of more than four billion pounds, Dow is the industry leader in the manufacture of PO.

Dow, with a global capacity of more than one billion pounds, is the industry leader in the manufacture of PG.

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 $40 billion, Dow serves customers in 175 countries and a wide range of markets that are vital to human progress: 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 43,000 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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