Industry News

Huntsman Announces Epoxy Resin Price Increase in North America

Published on 2005-10-28. Author : SpecialChem

The Woodlands, TX -- Effective December 1, 2005, or as contracts allow, Huntsman Advanced Materials will increase list and off list prices of all its epoxy modified and unmodified resins, solid resins, reactive diluents, novolac resins and waterborne resins in the North American market by $0.05/lb.

These price increases are intended to offset significant increases in raw material costs experienced primarily as a result of Hurricanes Katrina and Rita. Huntsman Advanced Materials, a business division of Huntsman Corporation (NYSE: HUN), is a leading global manufacturer and marketer of advanced epoxy resins, adhesives, coating systems, electrical insulating materials, printed circuit board technology, tooling materials and structural composites. It services end use markets that include the aerospace, automotive, telecommunications, electrical and electronics, recreation, and appliance industries.

Originally known for pioneering innovations in packaging, and later, rapid and integrated growth in petrochemicals, Huntsman-held companies today have more than 11,300 employees, 57 operations in 22 countries and had 2004 revenues of approximately $11.5 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 Corporation

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