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Article: Dow increases prices of products in Asia Pacific.(Foreign Company)
- Article from:
- China Chemical Reporter
- Article date:
- August 6, 2004
CopyrightCOPYRIGHT 2004 China National Chemical Information Center. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Dow Latex, the latex business of Dow Chemical Company has announced that it will increase the prices of its styrene/butadiene (S/B) latex and plastic pigment products by US$0.10 per kilogram in Asia Pacific. The increase will be effective August 2, 2004 and will affect customers in the coated paper and carpet industries in Asia Pacific. The continued escalation and volatility in oil and derivatives costs is the primary reason for the price increase.
"The price increase is driven by our need to remain competitive and meet customer needs over the long term," says Brett Simpson, Pacific commercial director for Dow Latex. "As our margins have come under severe ...