HUNT VALLEY, Md., May 17, 2004 (PRIMEZONE) -- Millennium Chemicals (NYSE:MCH) ("Millennium") announced today the following price increases for glacial acetic acid (GAA) effective June 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.