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.