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Stock Market & Financial Investment News

News Breaks
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.
News For HUN From The Last 14 Days
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February 24, 2015
07:30 EDTHUNJPMorgan to hold a conference
Global High Yield & Leveraged Finance Conference is being held in Miami Beach, FL on February 23-25 with webcasted company presentations to begin on February 24 at 7:40 am; not all company presentations may be webcasted. Webcast Link
February 19, 2015
09:59 EDTHUNOn The Fly: Analyst Downgrade Summary
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06:11 EDTHUNHuntsman downgraded to Neutral from Buy at Citigroup
Citigroup downgraded Huntsman to Neutral citing a lack of catalysts amid a delayed TiO2 recovery, unfavorable currency moves and cash charges limiting free cash flow generation. Citi lowered its price target for shares to $25 from $31 following Huntsman's Q4 results.
February 18, 2015
10:30 EDTHUNHuntsman implementing TiO2 price increase in Europe
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06:01 EDTHUNHuntsman reports Q4 adjusted EPS 33c, consensus 37c
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February 17, 2015
15:32 EDTHUNNotable companies reporting before tomorrow's open
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