MOSCOW (MRC) -- Huntsman Corporation has announced global price increases for all its titanium dioxide (TiO2) pigments, said the company on its site.
The following increases are effective January 1, 2016, or as contracts allow:
- Europe: EUR150/tonne or USD160/tonne in dollar-based markets;
- North America: USD0.07/pound;
- Asia-Pacific, Africa, Latin America and Middle East: USD160/tonne.
As MRC reported earlier, 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 2013 revenues of over USD11 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.
MRC