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SINGAPORE: Huntsman to Increase Prices of Selected Products by Up to 10 Per cent

SINGAPORE – Huntsman Textile Effects announces global price increases up to 10% in selective product ranges. Key feedstock, raw materials and freight continue to elevate during 2010.
Earlier this year, much of the cost increase was absorbed by Huntsman Textile Effects to avoid price changes for its customers. However, cost increases have accelerated and are expected to be sustained through 2010.

In order to maintain business activities and service levels, Huntsman Textile Effects will adjust prices up to 10% in selected product ranges.Huntsman Textile Effects will continue to work closely with its customers to successfully tackle these on-going cost challenges. The company values its customers and will continue to provide high quality products and services to remain a committed and viable supplier for innovative dyes and chemical in the future. Huntsman customers will be contacted by their sales representative to review the selective price adjustments. Adjusted prices will become effective immediately or as contracts allow.

About Textile Effects
Huntsman Textile Effects is the leading global provider of high-quality dyes and chemicals to the textile and related industries. Our textile competence is dedicated towards researching and developing excellent solutions to create innovative products and technologies with intelligent effects for a more sustainable planet. With operations in 110 countries and 13 manufacturing facilities worldwide (Switzerland, Germany, France, USA, Mexico, China, Thailand, India
and Indonesia), our 10,000 customers around the world are assured of fast and expert technical service with added cost advantages. The business has about 4,200 employees.

Source: Huntsman Corporation • News Courtesy: BharatTextile.com