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Huntsman to raise Titanium Dioxide prices in Europe
09 Jun '08
1 min read
The Pigments division of Huntsman Corporation announced that it will increase prices of all TIOXIDE titanium dioxide pigments sold in Europe by € 50/te effective from 1st of July 2008 or as applicable contracts allow.
This increase is in addition to the energy surcharge announcement of the 4th of June 2008 and all previously announced price increases.
Despite a relentless drive to improve efficiencies and implement cost reduction programmes, Huntsman said that the price increases are necessary to address declining profitability from significant increases in costs of primary input chemicals, energy and freight.
Simon Turner, Senior Vice President of Huntsman Pigments, said that whilst the improvement programme is delivering productivity and efficiency improvements, the scale, magnitude and volatility of input cost increases are at unprecedented levels and the business cannot be expected to continue to absorb the costs.
This increase is in addition to the energy surcharge announcement of the 4th of June 2008 and all previously announced price increases.
Despite a relentless drive to improve efficiencies and implement cost reduction programmes, Huntsman said that the price increases are necessary to address declining profitability from significant increases in costs of primary input chemicals, energy and freight.
Simon Turner, Senior Vice President of Huntsman Pigments, said that whilst the improvement programme is delivering productivity and efficiency improvements, the scale, magnitude and volatility of input cost increases are at unprecedented levels and the business cannot be expected to continue to absorb the costs.
Huntsman Corporation
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