Home / Knowledge / News / Textiles / Huntsman to raise Textile Effects Product prices
Huntsman to raise Textile Effects Product prices
15
Feb '08
Huntsman Corporation announced that in response to continued increases in the cost of labour, raw materials, utilities and transportation, its Textile Effects business will increase prices by up to 15% across a range of products. The price increases are effective March 1, 2008, or as applicable contracts allow.

Paul Hulme, President of Huntsman's Materials & Effects division, commented, "As with any successful partnership between supplier and customer, there needs to be a win-win proposition that allows our customers to be successful in their chosen markets and for ourselves to be successful by returning operating margins that continue to justify on-going re-investment."

Since acquiring the Textile Effects business from Ciba Specialty Chemicals in June 2006, Huntsman has committed over $150 million in restructuring costs and investments to achieve improvements to cost competitiveness and service to its customers.

In addition, through on-going investment in research and technology, Huntsman has strengthened its Textile Effects technology portfolio and platform, significantly increasing the number of exciting new products and projects within its development pipeline. Huntsman is also investing in capacity expansion to relieve the lead time on product lines that have proven extremely successful since launch.

"I believe that with this level of on-going investment and commitment to innovation, we will continue to maintain our position as a leading innovator and solution provider in the textile dye and chemical industry and fulfill our continued desire to be our customers' number one partner of choice," Hulme added.

Huntsman Corporation


Must ReadView All

Apparel/Garments | On 24th Jun 2017

JD enters into strategic partnership with Farfetch

E-commerce giant, JD, China's largest retailer, and Farfetch, the...

Textiles | On 23rd Jun 2017

Textile ministry organises training workshop on GST

The ministry of textiles had organised training workshop on GST which ...

Apparel/Garments | On 23rd Jun 2017

Uware Brands into licensing agreement with Polaroid

Uware Brands has entered into a licensing agreement with Polaroid for ...

Interviews View All

Viral Desai
Zenitex Mill Pvt Ltd

Full of green energy

Evelyne Cholet
UCMTF

‘France had a reputation of being big in new ideas, but poor in marketing...

Deepak Jain
Baggout

We are using Facebook and Instagram to promote ourselves

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
June 2017

June 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search