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Millennium Chemicals Announces Price Increases For VAM

Published on 2004-06-15. Author : SpecialChem

HUNT VALLEY, Md., June 14, 2004 (PRIMEZONE) -- Millennium Chemicals (NYSE:MCH) ("Millennium") announced today the following price increases for vinyl acetate monomer (VAM) effective July 1st, 2004, or as contracts allow.

US & Canada: $0.05/lb

Central & South America: US $110/metric ton

Africa & the Middle East & Turkey: US $110/metric ton

Asia: US $110/metric ton

Europe (T2 material): Euro 100/metric ton

Millennium Chemicals (website: www.millenniumchem.com) is a major international chemicals company, with leading market positions in a broad range of commodity, industrial, performance and specialty chemicals.

Millennium Chemicals is:

The second-largest producer of TiO2 in the world, the largest merchant seller of titanium tetrachloride and a major producer of zirconia, silica gel and cadmium-based pigments;

The second-largest producer of acetic acid and vinyl acetate monomer in North America;

A leading producer of terpene-based fragrance and flavor chemicals; and,

Through its 29.5% interest in Equistar Chemicals, LP, a partner in the second-largest producer of ethylene and third-largest producer of polyethylene in North America, and a leading producer of performance polymers, oxygenated chemicals, aromatics and specialty petrochemicals.

Source: Millennium Chemical

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