12/3/2008

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.

Full Story:
CNNMoney

Related Summaries