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Stock Market & Financial Investment News

News Breaks
July 1, 2014
05:42 EDTHUN, BASFYHuntsman, BASF, others plan new MDI plant in Shanghai
Huntsman (HUN), BASF (BASFY), Shanghai Hua Yi, Shanghai Chlor-Alkali Chemical, and SINOPEC Group Assets Management Corporation plan to build a new plant to produce 240,000 metric tons of crude MDI per year at Shanghai Lianheng Isocyanate in Caojing, China. With the new plant, the crude MDI capacity at this site will be doubled to 480,000 metric tons per year. In addition, the partners plan to build an HCl recycling plant for the production of chlorine, a precursor for MDI. The facility is expected to start up 2017.
News For HUN;BASFY From The Last 14 Days
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October 27, 2014
10:25 EDTHUNHuntsman sees FY14 CapEx $550M
Sees FY15 base CapEx about $525M. Sees FY effective tax rate 30%. Says plans to refinance debt as practical. Says confident in ability to deliver $130M in annual synergies from acquisition of Rockwood (ROC) units. Looks to achieve $2B of EBITDA within next few years. Comments made on the Q3 earnings conference call. Huntsman shares are down 5.06% to $23.24 in morning trading.
09:51 EDTHUNHuntsman says near-term adjusted EPS goal is about $3.75
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06:08 EDTHUNHuntsman reports Q3 adjusted EPS 60c, consensus 54c
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October 20, 2014
11:08 EDTBASFYBASF management to meet with Jefferies
Meeting to be held in Los Angeles/ New Port Beach, CA on October 27 hosted by Jefferies.

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