Huntsman Announces Global Price Increase for all of its Titanium Dioxide Pigments
BILLINGHAM, UK – The Pigments division of Huntsman Corporation (NYSE:HUN) today announced global price increases for all its titanium dioxide pigments. The following increases are effective June 1, 2010 or as applicable contracts allow:
Europe: €150 (Euros) per tonne or $200 (USD) per tonne in dollar-based markets.
North America: $0.08 per pound (USD) and $0.08 per pound (CAD).
Asia-Pacific: $150 (USD) per tonne.
Africa, Latin America and Middle East: $175 (USD) per tonne.
These price increases are in addition to all price increases previously announced in these regions.
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 more than 11,000 employees and operates from multiple locations worldwide. The Company had 2009 revenues of approximately $8 billion.
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, financia
l, 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.
VP, Global Sales & Marketing
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