10-Sep-2002 - Millennium Chemicals Inc.

Millennium Chemicals Announces Global Price Increases in Acetyls Business

HUNT VALLEY, Md., Sept. 9 - Millennium Chemicals announced the following price increases of vinyl acetate monomer (VAM) and glacial acetic acid (GAA) effective October 1, 2002:

North America:

VAM - US$0.03/pound or as contracts permit

GAA - US$0.03/pound or as contracts permit



South America:

VAM - US$70/metric ton



Europe:

VAM - Euros 70/metric ton

GAA - Euros 60/metric ton or as contracts permit



Asia, including the Middle East:

GAA - US$30/metric ton

On August 15, 2002, Millennium announced an immediately effective $100/metric ton price increase in its selling price of VAM in the Asian region.

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