Dow Europe Announces Price Increase for Polyols and Isocyanates in Europe, the Middle East, Africa and the Indian Subcontinent
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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.
“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 adds.
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