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Huntsman Announces Performance Products Price Increase In North America

Published on 2008-07-29. Author : SpecialChem

The Woodlands, TX - Huntsman Corporation announced effective August 1, 2008, or as applicable contracts allow, its Performance Products division will raise the list and off-list pricing in North America of the following ethylene glycol products:

ProductIncreaseList Price
Ethylene Glycol-Antifreeze Grade up $0.05/lb $0.71/lb
Ethylene Glycol-Industrial Grade up $0.05/lb $0.71/lb
Ethylene Glycol-Electrolytic Grade up $0.05/lb $0.73/lb
Ethylene Glycol-UPR Grade up $0.05/lb $0.73/lb
e-Grade® EG Glycol up $0.05/lb $0.74/lb
Diethylene Glycol up $0.07/lb $0.69/lb
Triethylene Glycol up $0.09/lb $1.12/lb

Huntsman said these increases reflect the continued strong demands for ethylene oxide and its related derivatives such as ethylene glycols, and are required to offset higher costs of feedstocks and energy.

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 13,000 employees and operates from multiple locations worldwide. The Company had 2007 revenues of approximately $10 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, 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.

Source: Huntsman

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