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Huntsman Announces Europe and Middle East epoxy resin and crosslinkers price increase

Published on 2006-07-21. Author : SpecialChem

Basel, Switzerland -- Effective August 1, 2006, as contracts allow, Huntsman Advanced Materials, a business division of Huntsman Advances Material Europe BVBA, will increase the prices of all grades of its Araldite® epoxy resins and powder crosslinkers as follows:

Araldite® basic liquid resin
0.20
€/Kg.
Araldite® basic solid resin
0.20
€/Kg
Araldite® basic solid solutions
0.20
€/Kg
Araldite® novolac resins
0.15
€/Kg
Araldite® modified liquid resins
0.15
€/Kg
Araldite® A/F, F and EPN resins
0.15
€/Kg
Araldite® reactive diluents
0.15
€/Kg
Araldite® waterborne resins
0.12
€/Kg
 
 
 
Araldite® PT 710 crosslinker
0.25
€/Kg
Araldite® PT 810 crosslinker
0.25
€/Kg
Araldite® PT 910 crosslinker
0.25
€/Kg
Araldite® PT 912 crosslinker
0.25
€/Kg

This notification is in addition to all previously announced price increases and is intended to offset the continued escalation of raw material costs.

Huntsman is a global manufacturer and marketer of differentiated and commodity chemicals. Its operating companies manufacture basic products for a variety of global industries including chemicals, plastics, automotive, aviation, footwear, paints and coatings, construction, technology, agriculture, health care, textiles, 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, 78 operations in 24 countries and 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 obligation to provide revisions to any forward-looking statements should circumstances change, except as otherwise required by securities and other applicable laws.

Source: Huntsman


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