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News Breaks | | | | January 23, 2013 | | 05:33 EDT |  | HUN | Huntsman announces global transformation program at Advanced Materials Division
Huntsman announced plans to launch a global transformational change program across its Advanced Materials division, as part of an on-going strategic plan designed to improve the company's manufacturing efficiencies, enhance commercial excellence and ensure its long-term global competitiveness. Weak economic conditions in key global markets, combined with rising fixed costs and continued volatility in the cost of raw materials, are driving Huntsman's Advanced Materials division to implement an improvement program which will align resources to focus on attractive higher-growth markets. The company expects benefits to the business in the range of $70M. | |
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