Huntsman Announces Price Hike for its MDI Products and MDI-based Systems in EU Region

Everberg, Belgium -- The Polyurethanes division of Huntsman Corporation (HUN:NYSE) announced a ?50/tonne price increase for all its MDI products and MDI-based systems in the European region (Europe, Africa and Former Soviet Union) from July 1, 2012. The company also announced US$150/tonne price increase for all its MDI products and MDI-based systems in the GCC countries and ISC markets from July 1, 2012.

Nick Webster, Vice President, Europe for Polyurethanes, said: "This price increase builds on the increase announced last March and is necessary to fully address raw material price escalation as well as to achieve long-term reinvestment economics".

About Huntsman

Huntsman is a global manufacturer and marketer of differentiated chemicals. Our 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 has approximately 12,000 employees and operates from multiple locations worldwide. The Company had 2011 revenues of over $11 billion.