Equipolymers Announces Price Increase for Polyethylene Terephthalate (PET)

Horgen, SWITZERLAND - March 9, 2007 – Equipolymers have announced a price increase of Euro 80 per metric tonne for PET resins for the European market, effective April 1, 2007.

This increase by Equipolymers and its subsidiaries is necessary to cover raw material cost increases and to restore margins. The increase of 80 Euros per metric tonne in Europe is for all LIGHTER™ PET Resins. This price increase is effective on all deliveries from April 1st 2007.

PET demand is strong ahead of the Spring and Summer higher usage period.

About Equipolymers
Equipolymers is a 50/50 global joint venture between Petrochemical Industries Company (PIC) of Kuwait, a wholly owned subsidiary of Kuwait Petroleum Corporation and The Dow Chemical Company. Equipolymers manufactures and markets polyethylene terephthalate resins (PET), whilst producing purified terephthalic acid (PTA). PET is a high quality plastic for use in the packaging industry and in particular for the production of beverage, food and other liquid containers. PTA is a key raw material for the production of PET.

Equipolymers is headquartered in Horgen, Switzerland. Production facilities include PET and PTA plants in Ottana, Italy, and two PET plants in Schkopau, Germany for a total capacity of approximately 485,000 metric tonnes once the Ottana upgrade is complete.

For editorial information:
Cinzia Errico
Business Communications
Equipolymers Global GmbH
+ 41 44 728 2118
cerrico@equipolymers.com