24/7 Wall St.
05-28-2008, 09:30 AM
24/7 Wall St. Daily News
It seems that the producers may be getting sick and tired of not being able to pass exponentially rising costs on to customers. This morning, The Dow Chemical Company (NYSE: DOW) has announced that it will raise the price "OF ALL OF ITS PRODUCTS" by up to 20% as of June 1, 2008. The actual amount of the raise is to be dependent upon exposure to rising costs in energy, feedstock, and transportation. It will also review all terms to all customers. The company noted that energy and feedstock prices are up 42% year over year. In fact, Dow noted...http://feeds.feedburner.com/~f/typepad/RyNm?i=abH4DH</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=abH4DH) http://feeds.feedburner.com/~f/typepad/RyNm?i=o2ZQZH</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=o2ZQZH) http://feeds.feedburner.com/~f/typepad/RyNm?i=GxIx6h</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=GxIx6h)
complete story here... (http://www.247wallst.com/2008/05/dow-chemical-hi.html)
It seems that the producers may be getting sick and tired of not being able to pass exponentially rising costs on to customers. This morning, The Dow Chemical Company (NYSE: DOW) has announced that it will raise the price "OF ALL OF ITS PRODUCTS" by up to 20% as of June 1, 2008. The actual amount of the raise is to be dependent upon exposure to rising costs in energy, feedstock, and transportation. It will also review all terms to all customers. The company noted that energy and feedstock prices are up 42% year over year. In fact, Dow noted...http://feeds.feedburner.com/~f/typepad/RyNm?i=abH4DH</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=abH4DH) http://feeds.feedburner.com/~f/typepad/RyNm?i=o2ZQZH</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=o2ZQZH) http://feeds.feedburner.com/~f/typepad/RyNm?i=GxIx6h</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=GxIx6h)
complete story here... (http://www.247wallst.com/2008/05/dow-chemical-hi.html)