Dow announces price increases for lubricants
3 May 2011 – MIDLAND, MICH. – Due to current market conditions and escalating costs to manufacture, Polyglycols, Surfactants & Fluids, a business unit of The Dow Chemical Company, is announcing a price increase for its North America Lubricants (UCON™) products, effective June 1, 2011. The price increase, up to 15%, will vary by product, or as contracts permit.
While feedstock availability and pricing remain volatile, Dow continues to invest in supply chain enhancements to provide the most reliable source for synthetic fluids and lubricants. In addition, Dow continues to develop innovative synthetic lubricant technology solutions to meet the next generation needs of the industry.
Further details of the price increase will be communicated to customers by local Dow Account Executives.
About Dow
Dow (NYSE: Dow) combines the power of science and technology with the “Human Element” to passionately innovate what is essential to human progress. The Company connects chemistry and innovation with the principles of sustainability to help address many of the world’s most challenging problems such as the need for clean water, renewable energy generation and conservation, and increasing agricultural productivity. Dow’s diversified industry-leading portfolio of specialty chemical, advanced materials, agrosciences and plastics businesses delivers a broad range of technology-based products and solutions to customers in approximately 160 countries and in high growth sectors such as electronics, water, energy, coatings and agriculture. In 2010, Dow had annual sales of $53.7 billion and employed approximately 50,000 people worldwide. The Company’s more than 5,000 products are manufactured at 188 sites in 35 countries across the globe. References to “Dow” or the “Company” mean The Dow Chemical Company and its consolidated subsidiaries unless otherwise expressly noted. More information about Dow can be found at www.dow.com.
