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Effective 1 July 2008 or as existing contract permit, Perstorp will increase prices for various specialty polyols:

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Effective immediately, or as existing contracts permit, BASF will increase prices for polyetheramines in Asia, Europe and South America by 5 - 10 % depending on the type of product. BASF had previously increased the prices for polyetheramines in the NAFTA region effective 1 May 2008 at the same rate.

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Huntsman Corporation today announced that it filed suit against Apollo and partners Leon Black and Joshua Harris in Conroe, Texas, for fraud and tortious interference in connection with inducing Huntsman to terminate its merger agreement with Basell to enter into a merger agreement with Apollo affiliate Hexion Specialty Chemicals instead. In the petition filed earlier today, Huntsman seeks a jury trial to determine the defendants liability to Huntsman for actual damages exceeding USD 3 billion, plus exemplary damages.

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Elastogran increases its prices for polyurethane basic products and specialties in Europe with immediate effect.

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Effective 1 July 2008, or as contract terms allow, Dow Polyurethanes will increase prices in Europe for its polyols and methylene diphenyl diisocyanates (MDI) as well as polyurethane systems by EUR 150.00 per metric tonne.

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Effective 1 July 2008 or as existing contracts permit Perstorp will increase the price for pentaerythritol (Penta) by EUR 125.00 per metric tonne in Europe, USD 0.07 per lb in North America and USD 200.00 per metric tonne in all other markets; trimethylolpropane (TMP) by EUR 125.00 per metric tonne in Europe, USD 0.08 per lb in North America and USD 200.00 per metric tonne in all other markets.

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The global chemical company Oxea has signed a Memorandum of Understanding with the Chinese company Shenyang Zhangming Chemical, Zhangyizhan, Shenyang, to form a joint venture.

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Chemtura Corporation increases prices on its range of core and performance phosphate ester flame retardants by 15 % in all regions, effective 16 June 2008, or as contract terms allow.

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Royal DSM N.V. said it has completed its purchase of biomedical polymer manufacturer Polymer Technology Group Inc..

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Evonik has announced price increases of 5-7 % for all polyurethane additives it sells in North America, effective 1 July 2008.

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