THE WOODLANDS, TEXAS - Huntsman Performance Products, a business division of Huntsman Corporation (NYSE: HUN), announced today that it will implement the following price increases on October 1, 2006, or as contracts allow:
• Diglycolamine® Agent, E-GRADE® Diglycolamine® Agent and Amine C-6 list and off-list prices will be increased by $0.03/lb
• All grades of JEFFSOL® ethylene carbonate will be increased by $0.05/lb
Huntsman said the price increases reflect continued cost pressures in the energy 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 obli
gation to provide revisions to any forward-looking statements should circumstances change, except as otherwise required by securities and other applicable laws.