Huntsman Announces Titanium Dioxide Price Increases in North America, Europe, Africa, Latin America and Middle East
May 21 2009 - 7:36PM
PR Newswire (US)
BILLINGHAM, England, May 21 /PRNewswire-FirstCall/ -- The Pigments
division of Huntsman Corporation (NYSE:HUN) today announced that it
will increase prices of all titanium dioxide pigments sold in North
America, Europe, Africa, Latin America and the Middle East. North
America: Huntsman will increase prices of all titanium dioxide
pigment pigments sold in North America by $0.02 per pound (USD)
effective from 1st August 2009 or as applicable contracts allow.
Europe: Huntsman will increase prices of all titanium dioxide
pigments sold in Europe by 50 euro/te effective from 1st July 2009
or as applicable contracts allow. Africa, Latin America, and Middle
East: Huntsman will increase prices of all titanium dioxide
pigments by $100 per metric ton (USD) effective from 1st July 2009
or as applicable contracts allow. 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 12,000 employees and
operates from multiple locations worldwide. The Company had 2008
revenues exceeding $10 billion. For more information about
Huntsman, please visit the company's website at
http://www.huntsman.com/. About Huntsman Pigments: Huntsman
Pigments Division specialises in the manufacture and marketing of
titanium dioxide (TiO2) pigments that add brightness, whiteness and
opacity to thousands of consumer products; from household
decorative paints and industrial coatings on ocean liners, cars and
steel-framed buildings, to computer housing, printing inks and
sporting equipment. Huntsman's Pigments business has been making
TiO2 pigments for 75 years. Its TIOXIDE(R) brand has an exceptional
reputation for excellence and consistency, and is trusted and
recognised world-wide. The DELTIO(TM) brand, introduced in 2007,
has earned a reputation for innovation in the world of titanium
dioxide by enabling the free flow of pigment thus improving
handling efficiency and reducing customers' energy consumption. In
2008, Huntsman's project to manufacture DELTIO(TM) pigments won the
Entec Medal, a prestigious Institute of Chemical Engineering
(IChemE) award for excellence in safety and environment. Huntsman
Pigments Division is an international business employing around
2,000 people in facilities in seven countries with a combined total
manufacturing capacity of approximately 560,000 tonnes of TiO2
pigment a year. 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. DATASOURCE: Huntsman
Corporation CONTACT: Media, Jane Carter, +44 (0) 1642 376811, or
Investor Relations, Kurt Ogden, +1-801-584-5959, both for Huntsman
Corporation Web Site: http://www.huntsman.com/
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