SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Microcap & Penny Stocks : Rat dog micro-cap picks...
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Buddy Smellgood who wrote (37701)5/29/2008 9:19:42 PM
From: Bucky Katt  Read Replies (2) of 48461
 
Dow Chemical to raise product prices by 20%
CEO criticizes lack of government leadership for current 'energy crisis'

"The government's failure to develop a comprehensive energy policy is causing U.S. industry to lose ground when it comes to global competitiveness, and our own domestic markets are now starting to see demand destruction throughout the U.S.," said Chairman and Chief Executive Andrew Liveris in a statement.
For 2008, Dow said it expects to spend about $32 billion on energy and hydrocarbon-based chemical feedstocks, up from $8 billion in 2002. In the first quarter, the company's feedstock and energy costs increased fully 42% from a year ago.
"The new level of hydrocarbons and energy costs is putting a strain on the entire value chain and is forcing difficult discussions with customers about resetting the value proposition for our products," Liveris said.

Dow Chemical will raise prices for all its products by 20% due to rising raw-material and energy prices.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News