Millennium Chemicals Announces Price Increases for Vinyl

HUNT VALLEY, Md., May 17, 2004 (PRIMEZONE) -- Millennium Chemicals (NYSE:MCH) ("Millennium") announced today the following price increases for vinyl acetate monomer (VAM) effective June 1st, 2004 or as contracts allow.



 US & Canada:                        Removal of $0.02/lb TVA

 Central & South America:            US $60/metric ton

 Africa & the Middle East & Turkey:  US $60/metric ton

 Asia:                               US $60/metric ton

 Europe (T2 material):               Euro 50/metric ton

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.

Millennium Chemicals Announces Price Increases for Vinyl Acetate Monomer

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