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Huntsman to Hike Price of MDI and MDI-based Systems in Europe

Published on 2012-03-16. Author : SpecialChem

Everberg, Belgium -- The Polyurethanes division of Huntsman Corporation (HUN:NYSE) will increase the price of all its MDI products and MDI-based systems by €200 /tonne in the European region (Europe, Africa and Former Soviet Union) from April 1, 2012.

Nick Webster, Vice President, Europe for Polyurethanes, said: "This second price increase builds on the increase announced last December, and is necessary to address further raw material price escalation as well as to achieve long-term reinvestment economics" .

About Huntsman

Huntsman is a global manufacturer and marketer of differentiated chemicals. The company's 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 has approximately 12,000 employees and operates from multiple locations worldwide. The Company had 2011 revenues of over $11 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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