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"We hope we have seen the worst of the energy and commodity price increases, but the impact of large scale speculation by traders on the price of energy, in addition to the increased costs we are absorbing from our raw material suppliers and service providers, cannot be underestimated,” said Peter Huntsman, president and CEO. “Having implemented aggressive internal steps to manage these costs, we are now reviewing all Huntsman products and are announcing specific price increases, as well as an energy surcharge to be applied to each product where warranted."
Each price increase and any necessary surcharge will be effective immediately, or as soon as applicable contracts allow.
For more information, visit www.huntsman.com.