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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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May 5, 2015
07:47 EDTHUNJacobs awarded contract for Huntsman's Jurong Island expansion
Jacobs Engineering Group (JEC) has been awarded an engineering, procurement and construction management contract for an expansion program at Huntsman Corporationís (HUN) world scale polyetheramine facility in Singapore. Company officials did not disclose the contract value. Jacobs is responsible for the detailed engineering and design, procurement of major equipment and management of construction services. Construction is expected to begin by mid-2015 and be completed in the second half of 2016.
April 30, 2015
06:14 EDTHUNHuntsman reports Q1 adjusted EPS 40c, consensus 28c
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