HONG KONG — (January 22, 2010) — Effective February 1, 2010 or as contract terms allow, Dow Epoxy, a business unit of The Dow Chemical Company (Dow), will increase the price of its liquid, solid, solid solution epoxy resins, standard brominated epoxy resins, and other epoxy products (including specialty epoxy resins) by US$200 per metric ton in Asia Pacific, and by ¥20 per kilogram in Japan. This is in addition to the price increases announced in December last year, which is part of Dow Epoxy’s on-going margin restoration effort in response to the continued escalating raw materials cost.
Dow sales representatives will be in contact with customers about the price increase.
Dow Epoxy is a leading global producer of epoxy resins, intermediates, and specialty resins serving a wide range of industries. This global business unit of The Dow Chemical Company operates nine manufacturing facilities, three main Research & Development centers, and in-region Technical Service & Development facilities strategically located around the world to provide customers with differentiated solution-based products and innovative technologies and services. Epoxy products from Dow are used in different market segments including coatings, civil engineering, structural and corrosion resistant composites, adhesives, electrical laminates and electrical castings/potting and encapsulation/tooling.
About The Dow Chemical Company
Dow is a diversified chemical company that combines the power of science and technology with the “Human Element” to constantly improve what is essential to human progress. The Company delivers a broad range of products and services to customers in approximately 160 countries, connecting chemistry and innovation with the principles of sustainability to help provide everything from fresh water, food and pharmaceuticals to paints, packaging and personal care products. In 2008, Dow had annual sales of $57.4 billion and employed approximately 46,000 people worldwide. The Company has 150 manufacturing sites in 35 countries and produces approximately 3,300 products. On April 1, 2009, Dow acquired Rohm and Haas Company, a global specialty materials company with sales of $10 billion in 2008, 98 manufacturing sites in 30 countries and approximately 15,000 employees worldwide. References to “Dow” or the “Company” mean The Dow Chemical Company and its consolidated subsidiaries unless otherwise expressly noted.