Dow Announces Further Price Increases, Freight Surcharges and Idling of Plants

24.07.08 - 21:26 ... source : Dow

... Seeks to restore margins as hydrocarbon and energy costs continue to climb Midland, MI - June 24, 2008 The Dow Chemical Company (NYSE: DOW) will raise the price of its products by as much as an additional 25 percent in July in an effort to offset the continuing relentless rise in the cost of energy and hydrocarbon feedstocks. The Company also will implement a freight surcharge of $300 per shipment by truck and $600 per shipment by rail, effective August 1. The surcharge applies to North America customers buying chemicals, hydrocarbons and plastics where Dow absorbs the freight currently ("seller absorbs freight"). Later this year a freight surcharge will be implemented in other geographic regions as appropriate. Furthermore, the Company is moving ahead with plans to temporarily idle or reduce production at a number of manufacturing plants. Dow has reduced its ethylene oxide production worldwide by ...» Next (HTML)