HUNT VALLEY, Md, Sept. 15, 2003 (PRIMEZONE) -- Millennium Chemicals (NYSE:MCH) ("Millennium") announced today the following price increases for glacial acetic acid (GAA) effective October 1, 2003:
Central
& South America: GAA -- US $50/metric ton
As previously announced for September 1, 2003
Asia, Africa
& the Middle East: GAA -- US $65/metric ton
As previously announced for September 1, 2003
Europe (T2 material): GAA - Euro 50/metric ton
As previously announced for September 1, 2003
US & Canada: GAA -- 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.