Huntsman Textile Effects Announces Price Increases for Selected Textile Dyes and Chemicals in the Americas Region
• Selected price increases in North, Central and South America
• Ongoing commitment to provide customers with consistent levels of innovation, quality and services
• Increases necessary to ensure sustainability, allow continued investment and offset rise in price of raw materials, energy and transportation
THE WOODLANDS, TX - Huntsman Textile Effects (NYSE: HUN) today announced that, effective October 1 or as contracts allow, it is selectively increasing the prices of textile dyes and chemicals in North, Central and South America.
Huntsman stated that it is aggressively attempting to control/reduce costs in all areas and the price increase is to offset raw material, energy and transportation costs, as well as to ensure the Textile Business’ viability and ability to continue to provide innovative products and technical service.
“We strive to add value to our customers by providing superior products and technical service,” explains Kent Kvaal, Vice President of Textile Effects, Americas Region. “We want to continue to provide our customers with innovative textile products as a basis for design, manufacturing and product differentiation.””
For more information, please visit Huntsman’s Textile Effects website at: http://www.huntsman.com/textile_effects/.
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 20
05 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 otherwise required by securities and other applicable laws.
Susan Cellura 281-719-4979