Huntsman counters raw material costs with price - sportstextiles: Lea SportsTextiles

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Huntsman counters raw material costs with price hikes

30/04/2014
Chemical company Huntsman has reported a 19% increase in revenues in its Singapore-based Textile Effects division in the first three months of this year, as it raised prices to reflect increasing raw materials costs. 

The group earned $224 million in the quarter ending March 31, compared with $188 in the same period last year.

CEO Peter Huntsman said: “The benefits of our previous year's restructuring efforts are visible in both our Advanced Materials and Textile Effects results.”

Sales volumes increased due to increased market share and “stronger consumer end market sentiment”.  


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