MOSCOW (MRC) -- Huntsman Corporation has announced global price increases for all its titanium dioxide (TiO2) pigments, as per the company's press release.
The following increases are effective January 1, 2017 or as contracts allow:
- Europe: EUR150 per tonne or USD160 per tonne in dollar-based markets;
- Asia-Pacific, Africa, Latin America and Middle East: USD160 per tonne;
- North America: USD0.07 per pound.
As MRC informed previously, in October 2014, Huntsman Corporation completed the acquisition of the Performance Additives and TiO2 businesses of Rockwood Holdings, Inc. And, in February 2015, the company announced its plans to reduce its TiO2 capacity by approximately 100,000 tons, representing 13% of Huntsman's European TiO2 capacity. As part of the plan, Huntsman is proposing to close certain operations at its site in Calais, France.
Huntsman Corporation is a publicly traded global manufacturer and marketer of differentiated chemicals with 2015 revenues of over USD10 billion. Huntsman is a global manufacturer and marketer of differentiated chemicals. The company's 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. The company operates more than 100 manufacturing and R&D facilities in approximately 30 countries and employ approximately 15,000 associates within its 5 distinct business divisions.
MRC