The global chemical company Oxea has moved to regular monthly pricing adjustments across its entire product portfolio sold in North and South America. This change is necessitated by increasingly volatile raw material prices, while demand remains strong and olefin supplies are tight, says the company.
Huntsman Corporation announced today that its Polyurethanes division will increase prices in the Asia Pacific region for its MDI grades by a minimum of USD 100.00 per tonne, effective 1 July 2008, or as applicable contracts allow.
Huntsman Corp can extend the termination date under its merger agreement with Apollo Management's Hexion Specialty Chemicals, Huntsman President and CEO Peter Huntsman said in a letter filed with U.S. regulators on 30 June 2008.
AkzoNobel has agreed to sell its Para and Crown Diamond decorative paints brands in Canada to General Paint Corp. The sale is in line with the commitment package which was agreed with the Canadian authorities in connection with AkzoNobel’s acquisition of Imperial Chemical Industries plc (ICI) in January.
The Dow Chemical Company has published a statement on 24 June in which it announced that it will raise the price of its products by as much as an additional 25 % in July in an effort to offset the continuing relentless rise in the cost of energy and hydrocarbon feedstocks.
Effective 1 August 2008, Evonik will increase prices for all polyurethane additives including Tegostab silicone stabilisers, Gorapur release agents, Tegoamin catalysts and Ortegol products in average by 7 %.