HUNT VALLEY, Md., Dec. 11, 2003 (PRIMEZONE) -- Millennium Chemicals (NYSE:MCH) ("Millennium") announced today the following price increases for vinyl acetate monomer (VAM) 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 $0.03/lb with a $0.01/lb TVA
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.