ERJ staff report (DS)
Horgen, Switzerland -- Effective 1 Jan, 2008, or as contract terms allow, Dow Europe will increase prices for all grades of its Affinity Polyolefin Plastomers and Versify Plastomers and Elastomers by 150 Euro per metric ton. The increase is part of a general price increase across the European, Middle Eastern, African and Indian regions for all Dow's polyolefin resins.
Dow said raw material and energy costs related to the production of polyolefins have reached record levels, which do not allow acceptable margins for Dow. At the same time, Dow continues to experience strong demand for polyolefin resins.
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Press release from Dow