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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.
News For HUN From The Last 14 Days
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October 27, 2014
10:25 EDTHUNHuntsman 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.
09:51 EDTHUNHuntsman says near-term adjusted EPS goal is about $3.75
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06:08 EDTHUNHuntsman reports Q3 adjusted EPS 60c, consensus 54c
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