HUNT VALLEY, Md., Jan. 29, 2003 (PRIMEZONE) -- Millennium Chemicals (NYSE:MCH) ("Millennium") today announced the following price increases of vinyl acetate monomer (VAM) and glacial acetic acid (GAA) effective February 14, 2003:
North America: VAM - US $0.03/pound or as contracts permit
GAA - US $0.015/pound or as contracts permit.
South America: VAM - US $75/metric ton.
Europe: VAM - Euros 65/metric ton
GAA - Euros 30/metric ton or as contracts permit.
Asia, including
the Middle East: VAM - US $70/metric ton
GAA - US $65/metric ton.
Millennium Chemicals (website: www.millenniumchem.com) is a major international chemicals company, with leading market positions in a broad range of commodity, industrial, performance and specialty chemicals.
Millennium Chemicals is:
- The second-largest producer of TiO2 in the world and a leading producer of titanium tetrachloride and other products, including zirconia, cadmium/selenium pigments and silica gel;
- The second-largest producer of acetic acid and vinyl acetate monomer in North America;
- A leading producer of fragrance chemicals; and,
- Through its partnership interest in Equistar Chemicals, LP, a partner in the second-largest producer of ethylene and third-largest producer of polyethylene in North America, and a leading producer of performance polymers, oxygenated chemicals, aromatics and specialty petrochemicals.