Millennium Chemicals Announces Price Increases for Glacial Acetic Acid


HUNT VALLEY, Md., March 16, 2004 (PRIMEZONE) -- Millennium Chemicals (NYSE:MCH) ("Millennium") announced today the following price increases for glacial acetic acid (GAA)

Effective April 1, 2004, or as contracts allow:



 Central & South America:            GAA -- US $50/metric ton

 Asia, Africa & the Middle East:     GAA -- US $50/metric ton

 Europe:                             GAA -- Euro 40/metric ton

 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.


            

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