Huntsman to Increase Amine and Carbonate Prices in Europe
Everberg, Belgium – Huntsman Corporation (NYSE:HUN) announced today that its Performance Products division will increase prices in Europe for its amine and carbonate products, as listed below. The increases will be effective September 20, 2010, or as applicable contracts allow:
JEFFAMINE® D series amines: 75 - 100 Euros per MT
Ethyleneamines: 75 - 150 Euros per MT
JEFFSOL® Carbonates: 75 - 100 Euros per MT
Morpholine & DGA® 100 - 200 Euros per MT
John Q. Smyth, Vice President, EMEA, for the Huntsman Performance Products division said: "These price increases are necessary to recover margins and reach reinvestment economics that enable us to continue with further supply side investments that build on our recent and ongoing capacity expansions in Saudi Arabia, Singapore and Wales.
About Huntsman:
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 11,000 employees and operates from multiple locations worldwide. The Company had 2009 revenues of approximately $8 billion. For more information about Huntsman, please visit the company’s website at www.huntsman.com.
Forward Looking Statements:
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, financial, 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:
Michael Scharf
+ 32 2 7589884