Huntsman Textile Effects has announced that it will increase prices in Europe, Middle East and Africa (EMEA), with immediate effect or as soon as contracts allow. Prices for textile dyes will increase by 10% to 20% whilst prices for textile chemicals will rise by approximately 5%.
“This price increase has become necessary in reaction to continued high crude oil, energy and transportation costs and sharply rising raw material costs caused by the removal of certain preferential export tariffs in China from July 1, 2007. The reduced availability of key raw materials from China caused by the closure of certain production plants due to environmental concerns also played a role”, said Michael Effing, vice president and general manager, EMEA.