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Huntsman Announces Price Increase for Polymeric MDI in EAME Region

Published on 2013-11-01. Author : SpecialChem

Everberg, Belgium -- The Polyurethanes division of Huntsman Corporation (HUN:NYSE) announced a € 70/tonne price increase on a product by product basis for polymeric MDI in the EAME region (Europe, Africa, Middle East, Turkey and Former Soviet Union) from November 1, 2013 or as applicable contracts allow.

Nick Webster, Vice President, Europe for Polyurethanes, said: "We are implementing this price increase to recover margins that help us achieve long-term reinvestment economics to support customer growth".

About Huntsman

Huntsman Corporation is a publicly traded global manufacturer and marketer of differentiated chemicals with 2012 revenues of over $11 billion. The company's chemical products number in the thousands and are sold worldwide to manufacturers serving a broad and diverse range of consumer and industrial end markets. We operate more than 75 manufacturing and R&D facilities in over 30 countries and employ approximately 12,000 associates within our 5 distinct business divisions.

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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