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Huntsman Performance Products Announces Price Increase

Published on 2005-04-25. Author : SpecialChem

The Woodlands, TX - Huntsman Performance Products, a business division of Huntsman Corporation, announced price increases for five of its products, effective May 1.

Huntsman will increase the list and off-list price of its Surfonic® N - series surfactants by $0.03 per pound, the off-list price of its Surfonic® L - series and DA - series alcohol ethoxylates by $0.03 per pound and the off-list price of its Surfonic® TDA - series alcohol ethoxylates by $0.05 per pound. The company also will increase the price of its dinonylphenol by $0.10 per pound.

Huntsman Vice President, David Parkin, said the price increases reflect increasing raw material and energy costs, and continued tightness in the market.

Huntsman is a global manufacturer and marketer of commodity and differentiated chemicals. Its operating companies manufacture basic products for a variety of global industries including chemicals, plastics, automotive, aviation, footwear, paints and coatings, construction, technology, agriculture, health care, textiles, detergent, personal care, furniture, appliances and packaging. Originally known for pioneering innovations in packaging, and later, rapid and integrated growth in petrochemicals, Huntsman today has revenues of $11.5 billion, 11,300 employees and 62 operations in 22 countries.

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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