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Dow to Idle Several Plants, Hikes Prices by an Additional 25%

10:45 AM MDT | June 24, 2008 | Kerri Walsh

Dow Chemical will temporarily idle or reduce production at a number of manufacturing plants in North America and Europe, and will raise selling prices by as much as an additional 25% to restore margins. Dow says it will idle one of two styrene units at Terneuzen, The Netherlands, which is about 40% of its European styrene production capacity. Dow says it has reduced its European polystyrene production rate by 15%. Dow says it has already cut its ethylene oxide production worldwide by 25%, and idled 30% of its acrylic acid production in North America. “These...

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