Huntsman completes scheduled maintenance at Poirt Neches, Texas Huntsman announced that it has successfully completed the scheduled maintenance of its olefins and ethylene oxide facilities in Port Neches, Texas. This type of heavy maintenance occurs once every four years. The facilities are now operating at normal rates. The maintenance outage took longer than originally anticipated as a result of start up issues and adverse weather conditions. The impact of the prolonged start up on first quarter 2013 EBITDA is $10M more than our earlier guidance. The total estimated impact on first quarter 2013 EBITDA is approximately $55M.
News For HUN From The Last 14 Days
Check below for free stories on HUN the last two weeks.
Huntsman sees adjusted EBITDA of $2B over next 2-3 years Huntsman provided a near-term earnings target of $2.0B in adjusted EBITDA over the next two-to-three years. The company reported 2013 adjusted EBITDA of $1.2B. Comments made in investor day presentation slides.
Huntsman announced EC to proceed with investigation into Rockwood business Huntsman announced that it expects the European Commission to proceed with an in-depth investigation into Huntsman's proposed acquisition of Rockwood's Performance Additives and Titanium Dioxide businesses. The Commission would have up to 125 working days to make a final decision on whether the proposed transaction would significantly impede effective competition in the European economic area.