Dow reverses price increases as economic slump takes its toll

12/3/2008 | CNNMoney

Many price increases that Dow Chemical has enacted over the year are being rolled back amid pressure from the economic downturn. The company had across-the-board price increases -- the first raised prices up to 20% before another increase of up to 25% -- because of increased costs of energy and hydrocarbon-based chemical feedstocks, but with orders dropping, prices will have to come down, Chief Financial Officer Geoffery Merszei said.

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