Huntsman To Increase Nonylphenol Ethoxylate And Polyethylene Glycol Prices In The Americas Region
THE WOODLANDS, TX – Huntsman Performance Products, a division of Huntsman Corporation (NYSE: HUN), announced today that it will increase the prices on all grades of its POGOL® polyethylene glycol series products and its SURFONIC ® N nonylphenol ethoxylate series products by $0.03/lb on September 1, 2006 or as contracts allow.
Huntsman said the price increases reflect continued cost pressures in the energy, logistics and basic raw materials markets.
Huntsman is a global manufacturer and marketer of differentiated and commodity chemicals. Its operating companies manufacture products for a variety of global industries including chemicals, plastics, automotive, aviation, textiles, footwear, paints and coatings, construction, technology, agriculture, health care, 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 15,000 employees and 78 operations in 24 countries. The Company 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 expectations. 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 oth
erwise required by securities and other applicable laws.