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USA: Dow hikes prices of emulsion polymer products in carpet for North America |
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2004-12-1
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Effective January 1, 2005, the Dow Emulsion Polymers business is increasing the prices of all latex sold into the carpet industry by US$0.06/lb (dry) in the United States and Canada. This price increase is being driven by increased raw material, natural gas and transportation costs. All other terms and conditions remain the same.
Dow has implemented numerous price increases on latex products in 2004 to meet increasing raw material and energy costs. However, these price increases have been unable to completely offset escalation in production costs. Dow remains committed to restoring margins for its Emulsion Polymers business.
Dow is a leader in science and technology, providing innovative chemical, plastic and agricultural products and services to many essential consumer markets. With annual sales of $33 billion, Dow serves customers in more than 180 countries and a wide range of markets that are vital to human progress, including food, transportation, health and medicine, personal and home care, and building and construction, among others. Committed to the principles of sustainable development, Dow and its approximately 46,000 employees seek to balance economic, environmental and social responsibilities. References to "Dow" or the "Company" mean The Dow Chemical Company and its consolidated subsidiaries unless otherwise expressly noted. |
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