THE WOODLANDS, TX – Huntsman Performance Products, a business division of Huntsman Corporation (NYSE: HUN), announced today that it will increase the off-list prices of ethyleneamine products on September 1, 2006 or as contracts allow.
Huntsman will increase off-list prices of the following ethyleneamine products by $0.03/lb:
• Ethylenediamine (EDA)
• Aminoethylpiperazine (AEPHP)
• Diethylenetriamine (DETA)
• Triethylenetriamine (TETA)
• Tetraethylenepentamine (TEPA)
• Aminoethylethanolamine (AEEA)
• Heavy polyamines (E100)(EA275)
• All ethyleneamine blended products
• All piperazine products
In addition, the off-list prices of the epoxy curing agent series of ethyleneamine products will be increased by $0.06/lb.
Huntsman said the price increases reflect continued high energy and logistics costs and a continuing high demand for intermediate raw material products that are in tight supply. The move on pricing will also help to ensure that the Company continues to provide its customers with a continuous supply of quality products and a high level of service in a competitive environment.
Huntsman is a global manufacturer and marketer of differentiated and commodity chemicals. Its operating companies manufacture basic products for a variety of global industries including chemicals, plastics, automotive, aviation, footwear, paints and coatings, construction, technology, agriculture, health care, textiles, detergent, personal care, furniture, appliances and packaging. Originally known for pioneering innovations in packaging, and later, rapid and integrated growth in petrochemicals, Huntsman today has 11,300 employees, 57 operations in 22 countries and had 2005 revenues of $13 billion.
Statements in this release that are not historical are forward-looking statements. These statements are based on management’s current beliefs and expectati
ons. The forward-looking statements in this release are subject to uncertainty and changes in circumstances and involve risks and uncertainties that may affect the company’s operations, markets, products, services, prices and other factors as discussed in the Huntsman companies’ filings with the Securities and Exchange Commission. Significant risks and uncertainties may relate to, but are not limited to, financial, economic, competitive, environmental, political, legal, regulatory and technological factors. Accordingly, there can be no assurance that the company’s expectations will be realized. The company assumes no obligation to provide revisions to any forward-looking statements should circumstances change, except as otherwise required by securities and other applicable laws.