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Huntsman To Increase Select Performance Products In North America

Published on 2005-06-17. Author : SpecialChem

THE WOODLANDS, TX -- Huntsman Performance Products, a business division of Huntsman Corporation (NYSE: HUN), announced that it will increase the list and off list prices of select specialty amines in North America, on July 1, 2005 or as contracts allow.

Following is a list of price increases and affected products:

Homologue
Increase Amount
Affects
Methoxypropylamine (MOPA)
0.06/lb
List and Off List Prices
Dimethylaminopropylamine (DMAPA)
0.07/lb
Off List Prices Only
Methyldiethanolamine (MDEA)
0.05/lb
Off List Prices Only
JEFFTREAT® M and MS-100 Formulations
0.05/lb
Off List Prices Only
DIGLYCOLAMINE® Agent (DGA®)
0.05/lb
Off List Prices Only

Huntsman said the price increases reflect continued high energy and feedstock costs and a continuing high demand for intermediate raw material products that are in tight supply. The move on pricing will also help to ensure that the Company continues to provide its customers with a continuous supply of differentiated, quality products and a high level of service in a competitive environment.

Huntsman Performance Products is a business division of Huntsman Corporation. Huntsman is a global manufacturer and marketer of commodity and differentiated chemicals. The world's most significant industries rely on Huntsman operating companies to develop basic products for a variety of markets and end-use applications. 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 Performance Products


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