Horgen, Switzerland - June 17, 2009
Effective July 1, 2009, or as contract terms allow, Dow Polyurethanes, a business group within The Dow Chemical Company and its affiliates including Dow Europe GmbH, will increase prices for its Polyurethane raw materials. In Europe, prices for both polyols and methylene diphenyl diisocyanate (MDI) will increase by a minimum of 100 EUR/MT, whereas in the Middle East, Africa and the Indian Subcontinent prices for polyol and MDI will rise by a minimum of 150 USD/MT.
This price increase is in addition to the previously announced increase in May. Customers interested in learning more about the price increase should contact their local Dow sales representative.
“The escalating feedstock and energy cost is the primary driver for this increase,” says Sudhir Shenoy, Product Manager for Europe, Middle East, Africa and India. “We must raise our prices in order to maintain margins and reinvest in the future growth of our business,” he further adds.
About Dow Polyurethanes
Dow Polyurethanes, a business group of The Dow Chemical Company and its affiliates including Dow Europe GmbH, is one of the world's largest producers of propylene oxide (PO), polyether polyols, and is a leading producer of quality aromatic isocyanates, such as MDI and TDI, an essential component of polyether polyols. Dow's polyurethane products and fully formulated polyurethane systems are used for a broad range of applications including construction, automotive, appliance, furniture, bedding and shoe soles to decorative molding, athletic equipment, and more. The business manufactures and markets rigid, semi-rigid and flexible foams, adhesives, sealants, coatings, elastomers and binders. Dow also offers the latest in polyol technology with RENUVA™ Renewable Resource Technology and VORANOL™ VORACTIV™ polyols, part of an ongoing initiative by Dow to lead the industry in providing high-performance products. For more information, visit www.dowpolyurethanes.com, www.dowpg.com, www.dowpo.com, www.pusystems.com, www.dowrenuva.com and www.voractiv.com.
About Dow
For Editorial Information:
Marielle Jaeger
Dow Europe GmbH
+41 (0)44 728 2246
Kim Crawley
Gibbs & Soell GmbH
+41 (0)44 205 5565
kcrawley@gibbs-soell.com
