Millennium Chemicals Announces Price Increases for Glacial Acetic Acid


HUNT VALLEY, Md., Dec. 11, 2003 (PRIMEZONE) -- Millennium Chemicals (NYSE:MCH) ("Millennium") announced today the following price increases for glacial acetic acid (GAA) effective January 1, 2004:


 Central & South America:          US $50/metric ton

 Asia, Africa & the Middle East:   US $50/metric ton

 Europe (T2 material):             Euro E40/metric ton

 US & Canada:                      US $0.02/lb

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, the largest
    merchant seller of titanium tetrachloride and a major producer of
    zirconia, silica gel and cadmium/based pigments;
 -- The second-largest producer of acetic acid and vinyl acetate
    monomer in North America;
 -- A leading producer of terpene-based fragrance and flavor
    chemicals; and,
 -- Through its 29.5% 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.


            

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