Huntsman Corporation announced that its Polyurethanes division will increase prices in the EAME region for all component MDI products (including all polymeric and pure MDI grades) by euro 100 per tonne on June 1, 2007, or as applicable contracts allow.
Huntsman said the price increases reflect sustained high growth rates for MDI across Europe and rising costs of key raw materials.
The European increase follows an announcement of price rises in the Americas earlier in the month.
Huntsman is a global manufacturer and marketer of differentiated chemicals. Its operating companies manufacture products for a variety of global industries including chemicals, plastics, automotive, aviation, textiles, footwear, paints and coatings, construction, technology, agriculture, health care, detergent, personal care, furniture, appliances and packaging.
Originally known for pioneering innovations in packaging, and later, rapid and integrated growth in petrochemicals, Huntsman has 14,000 employees and 75 operations in 24 countries.
The Company had 2006 revenues from all operations of $13 billion.
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