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Huntsman Announces Titanium Dioxide Price Increases in Europe

The Pigments business of Huntsman Corporation (NYSE:HUN) today announced that it will increase prices of all TIOXIDE® titanium dioxide pigments in Europe by €80 per metric ton, effective from 18th January 2008. This increase is in addition to the previous increase announced on 17th October 2007. Huntsman said that whilst the Titan programme is delivering productivity and efficiency improvements, the scale, magnitude and volatility of input cost increases a

18th January 2008

Knitting Industry
 |  Billingham, UK

Knitted Outerwear, Household, Technical Textiles

The Pigments business of Huntsman Corporation (NYSE:HUN) today announced that it will increase prices of all TIOXIDE® titanium dioxide pigments in Europe by €80 per metric ton, effective from 18th January 2008.

This increase is in addition to the previous increase announced on 17th October 2007.

Huntsman said that whilst the Titan programme is delivering productivity and efficiency improvements, the scale, magnitude and volatility of input cost increases are at unprecedented levels and the business cannot continue to absorb the costs.

Simon Turner, Sales Vice President of Huntsman Pigments said that Huntsman urgently needs to pass on these increases to avoid further erosion of profitability and that this will be discussed in more detail by a Huntsman sales representative with individual customers.

About Huntsman

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, for rapid and integrated growth in petrochemicals, Huntsman today has 13,000 employees and operates from multiple locations worldwide. The Company had 2006 revenues of over $13 billion. For more information about Huntsman, please visit the company’s website at www.huntsman.com.

About Huntsman Pigments Division

Huntsman Pigments Division specialises in the manufacture and marketing of TIOXIDE® titanium dioxide pigments, a brand with an exceptional reputation for excellence and consistency, trusted and recognised through out the world. TIOXIDE® titanium dioxide pigments add brightness, whiteness, opacity and durability to thousands of consumer products; from decorative paints used in the home to industrial coatings on ocean liners, cars and steel-framed buildings; from nappies and toothpaste to printed circuit boards and computer housing; from sportswear and sporting equipment to racing boat hulls. Huntsman Pigments Division is an international business employing 2,600 people world-wide in factories in seven countries with a combined total manufacturing capacity of approximately 550,000 tonnes a year.

Contact:

Simon Turner - VP Sales, Tel: +44 (0)1642 376 293

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