Horgen, Switzerland - Dow Polyurethanes is raising polyol prices in Europe. The group will raise rices for flexible, rigid and CASE polyols by Euro100 /tonne and for copolymer polyols by Euro 150 /tonne. In IMEA (India, the Middle East and Africa), Dow is putting up prices for flexible polyols and copolymer polyols by $100 /tonne.
These increases take effect 1 Nov 2007, or as contracts allow.
The rise is a result of "the continued rise in feedstock costs, including naphtha and brent crude approaching record highs," said Sudhir Shenoy, product manager Europe/IMEA for polyols, in Dow's announcement.
Also, he added, "propylene, a key raw material for polyols, has consistently increased through the course of the year."
Dow Polyurethanes, part of Dow Chemical Co., says it is the world's largest producer of polyether polyols, as well as a leading producer of aromatic isocyanates, such as MDI and TDI, and a major supplier of propylene oxide, an essential component of polyether polyols.