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.
Huntsman 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.