Hunt Valley, Maryland, USA, June 7, 2002 – Millennium Chemicals today announced the following increases in selling prices of vinyl acetate monomer (VAM) and glacial acetic acid (GAA) effective July 1, 2002:
North America: VAM – US$0.02/pound or as contracts permit;
GAA – US$0.03/pound or as contracts permit.
South America: VAM – US$50/metric ton, and is in addition to a US$50/ metric ton increase announced effective April 1, 2002.
Europe: VAM – Euros 150/metric ton; GAA – Euros 80/metric ton or as contracts permit.
Asia, including the Middle East: VAM – US$50/metric ton; GAA – US$50/ metric ton.
Millennium Chemicals (website: www.millenniumchem.com) is a major international chemicals company, with leading market positions in a broad range of commodity, industrial, performance and specialty chemicals.