Wednesday, June 25, 2008

Costly Chemistry: Dow Hikes Prices Another 25 Percent

Second major rise by the company this month, added to other corporate reactions to costlier energy, adds to inflationary fears.

A broad price increase announced by Dow Chemical, raising the price of its products by as much as an additional 25 percent in July, is the latest pass-through blow to companies. Dow said the rises are an effort to offset "the continuing relentless rise" in the cost of energy and hydrocarbon feedstocks.

The latest price hikes come just weeks after Dow announced it would raise prices by 20 percent....MORE