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Dow Declares Force Majeure for Vinyl Acetate Monomer

Published on 2007-08-22. Author : SpecialChem

Midland, MI -- Dow announced that it has declared force majeure for vinyl acetate monomer (VAM), due to essential maintenance of critical plant equipment required at the Texas City, Texas plant, which is owned by Union Carbide Corporation, a wholly owned subsidiary of Dow. The repairs, which have become necessary during a period of low inventory levels at Dow and extremely tight industry supply, will require Dow to idle the plant for approximately two weeks during the month of September. Effective September 3 and likely through the end of October 2007, Dow will allocate available product in a manner that is fair and reasonable and in accordance with contract terms. Dow is currently communicating the allocation program to its customers.

About Dow

Dow is a diversified chemical company that harnesses the power of innovation, science and technology to constantly improve what is essential to human progress. The Company offers a broad range of products and services to customers in more than 175 countries, helping them to provide everything from fresh water, food and pharmaceuticals to paints, packaging and personal care products. Built on a commitment to its principles of sustainability, Dow has annual sales of $49 billion and employs 43,000 people worldwide. References to "Dow" or the "Company" mean The Dow Chemical Company and its consolidated subsidiaries unless otherwise expressly noted.

Source: Dow Chemical Company


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