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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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October 1, 2014
08:35 EDTHUNHuntsman completes acquisition of Rockwood's additives business
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08:35 EDTHUNRockwood completes sale of titanium dioxide pigments business to Huntsman
Rockwood Holdings (ROC) announced that it completed the previously announced sale of the Titanium Dioxide Pigments and four other non-strategic businesses to Huntsman Corporation (HUN) for an enterprise value of $1.275B, including the assumption of $225M in pension obligations. The Rockwood businesses being sold include Titanium Dioxide Pigments, Color Pigments & Services, Timber Treatment Chemicals, Rubber/Thermoplastics Compounding, and Water Chemistry. Rockwood received net cash proceeds of $950M, which is subject to certain potential post-closing adjustments.
September 30, 2014
18:27 EDTHUNHuntsman gets final EU approval for acquisition of Rockwood's additives business
Huntsman (HUN) announced that it has received final clearance and approval from the European Commission to acquire the Performance Additives and Titanium Dioxide businesses of Rockwood Holdings (ROC). The acquisition is expected to close October 1, 2014.
September 29, 2014
06:17 EDTHUNHuntsman announces 400 Ktes MDI expansion plan for U.S. plant
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September 23, 2014
07:30 EDTHUNUBS to hold a conference
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