Dow Chemical raise prices another 25%

Unbelievable....with this 25% increase from Dow, they are raising their prices by 45% total (20% increase took effect this month).

GRAND RAPIDS, Mich. – Dow Chemical Co. announced its second wide-ranging price hikes in less than a month as it attempts to offset sustained record costs for energy and the soaring price of raw materials.
The chemical company announced Tuesday it will raise prices by as much as 25 percent next month, less than three weeks after announcing price increases of up to 20 percent. The first round of price hikes took effect this month.
When Dow raises its prices, it is felt across dozens of industries that manufacture everything from diapers to automobiles.
Dow says it is trying to survive.
"We have to get them back to reinvestment levels where we can continue to build our business and to be there for the future,'' said spokesman Chris Huntley.

Read the article at TheStar.