Huntsman to increase MDI and polyurethane systems prices globally
Huntsman Corporation announced that it will increase prices globally for its MDI and polyurethanes systems products, in the face of rapidly escalating raw material feedstock costs, and the need to achieve re-investment economics against a background of accelerating global demand for MDI.
Tony Hankins, President of Huntsman's Polyurethanes division said "Price increases were implemented in the Americas, Asia and Europe during 2007, as raw material costs rose to record highs. However, since the start of this year we have seen raw material costs continue to escalate to new record levels. As a result, we must immediately implement further price increases, on a global basis, to ensure margins that will underpin our future investments that are required to support customers' growth."
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