MOSCOW (MRC) -- Dow Europe GmbH, an affiliate of Dow Chemical - a major US petrochemical producer, has
increased prices for polyethylene (PE) resins across the European, Middle Eastern and African regions, according to the company's press release.
Effective July 1, 2013, or as contract terms allow, Dow Europe GmbH increases prices for all grades of its low-density polyethylene (LDPE), linear low-density polyethylene (LLDPE) and high-density polyethylene (HDPE) resins by EUR50/tonne.
As MRC informed previously, the company already had raised its PE prices for the regions mentioned above since 1 June by EUR100/tonne.
The Dow Chemical Company is an American multinational chemical corporation headquartered in Midland, Michigan, United States. Dow is a large producer of plastics, including polystyrene (PS), polyurethane, polyethylene (PE), polypropylene (PP), and synthetic rubber. In 2012, Dow had annual sales of approximately USD57 billion. The company's more than 5,000 products are manufactured at 188 sites in 36 countries across the globe. In 2012, Dow's net profit fell by almost 2.5 times to USD1.19 bln compared with 2011 (from USD2.74 bln).
MRC