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March 21, 2013
15:46 EDTHUNHuntsman invests $135M in U.S., European MDI manufacturing plants
Huntsman announced a combined investment of $135M at two of its worldscale methylene diphenyl diisocyanate manufacturing facilities: increasing capacity at its Geismar, USA site and upgrading its downstream specialties production capability at its Rotterdam, the Netherlands site. The Geismar capacity will be increased by 50ktes to 500ktes using improved process technology developed by Huntsman. The expansion will enable Huntsman to support the growth of its key customers and leverages the significant advantages of the Geismar site, with its access to US shale gas, strong logistics base and excellent integration. The new capacity is expected to come on-stream in 2014 and will further consolidate Huntsman's position as the leading MDI producer in the Americas region. At its Rotterdam facility, Huntsman is commissioning a new state-of-the-art MDI splitter and downstream specialties manufacturing unit which will enable Huntsman to serve customers with a full range of next-generation, differentiated polyurethane products for automotive, adhesives, coatings and other applications. The unit is designed to handle globally sourced MDI precursor and will be operational by the end of March.
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August 19, 2014
07:46 EDTHUNJacobs designs and builds iron sulfate plant for Huntsman pigments in Italy
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August 18, 2014
08:04 EDTHUNHuntsman weakness a buying opportunity, says UBS
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August 15, 2014
12:08 EDTHUNHuntsman announces manufacturing disruption at Port Neches, Texas facility
Huntsman announced that it experienced an unplanned manufacturing disruption on a production unit at its facility in Port Neches, Texas. There were no injuries resulting from the incident. The disruption occurred on Thursday August 14 and was caused by equipment failure. The Port Neches facility manufactures methyl tertiary butyl ether, propylene oxide and propylene glycols. The manufacturing disruption also impacts internal PO supply to downstream MDI systems, amines, surfactants and propylene oxide derivatives. The affected unit is expected to be off-line for two to three weeks, with an estimated negative impact of $30M EBITDA for Huntsman's Polyurethanes and Performance Products divisions. It is yet to be determined whether this will impact the planned maintenance scheduled for the first half of 2015.
12:05 EDTHUNHuntsman trading halted, pending news
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