February 22 (plasteurope) -- Citing the need to recover its margins, Dow Europe has announced a EUR 80/t price increase for polyethylene resins in Europe, the Middle East, Africa and India.
The hike applies to all the group's LDPE, LLDPE and HDPE grades and will go into effect on 1 March 2010.
Share in the Russian market, 2008:
polyethylene - 2.5% (including LLDPE - 33.1%);
polypropylene - 0.8% (including PP-impact - 1.1%);
polystyrene - 2.6%.
Annual sales growth in Russia, recent 5 years:
polyethylene - 55%;
polypropylene - 28%;
polystyrene - 2%.
Imports by processing technologies: