Huntsman to increase MDI, polyols and polyurethane systems prices in the NAFTA region
The Woodlands, TX - Huntsman Corporation (NYSE:HUN) yesterday informed customers that its Polyurethanes division will increase prices in the NAFTA region for its RUBINATE® MDI products and SUPRASEC® MDI products by $0.15 per pound, and its JEFFOL® polyols and all polyurethane systems by $0.12 per pound, on August 1 2008, or as applicable contracts allow.
Huntsman said the price increases reflect the unprecedented escalation in energy and raw material feedstock costs impacting the chemical industry.
Huntsman Corporation is North America’s largest producer of MDI.
Huntsman is a global manufacturer and marketer of differentiated 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, for rapid and integrated growth in petrochemicals, Huntsman today has 13,000 employees and operates from multiple locations worldwide. The Company had 2007 revenues of approximately $10 billion. For more information about Huntsman, please visit the company’s website at www.huntsman.com.
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 U.S. Securities and Exchange Commission. Significant risks and uncertainties may relate to, but are not limited to, fina
ncial, economic, competitive, environmental, political, legal, regulatory and technological factors. In addition, the completion of any transactions described in this release is subject to a number of uncertainties and closing will be subject to approvals and other customary conditions. Accordingly, there can be no assurance that such transactions will be completed or 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 applicable laws.
Contact: Gary Chapman
00 1 281 7194324