Millennium Chemicals Announces Price Increases for Glacial Acetic Acid


HUNT VALLEY, Md., Feb. 6, 2004 (PRIMEZONE) -- Millennium Chemicals (NYSE:MCH) ("Millennium") announced today the following price increases for glacial acetic acid (GAA) effective March 1, 2004:

Effective March 1st or as contracts allow:

Central & South America: U.S. $50/metric ton

Asia, Africa & the Middle East: U.S. $50/metric ton

Europe (T2 material): Euro 40/metric ton

Effective March 1st or as contracts allow:

U.S. & Canada: U.S. $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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