Millennium Chemicals Announces Price Increases in Acetyls Business


HUNT VALLEY, Md., June 17, 2003 (PRIMEZONE) -- Millennium Chemicals (NYSE:MCH) today announced the following price increases for glacial acetic acid effective July 1, 2003:


       USA and Canada:        US$0.02/pound or as contracts permit.

       Mexico, Central
       and South America:     US$50/metric ton or as contracts permit.

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.


            

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