HUNT VALLEY, Md., June 17, 2003 (PRIMEZONE) -- Millennium Chemicals (NYSE:MCH) today announced the following price increases for glacial acetic acid effective July 1, 2003:
USA and Canada: US$0.02/pound or as contracts permit.
Mexico, Central
and South America: US$50/metric ton or as contracts permit.
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 and a leading
producer of titanium tetrachloride and other products, including
zirconia, cadmium/selenium pigments and silica gel;
-- The second-largest producer of acetic acid and vinyl acetate
monomer in North America;
-- A leading producer of fragrance chemicals; and,
-- Through its partnership 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.