THE WOODLANDS, Texas,
March 17 /PRNewswire-FirstCall/ --
Huntsman Corporation (NYSE: HUN) today announced the successful
completion of the turnaround and inspection of its PO/MTBE facility
in Port Neches, TX. This
scheduled maintenance started in January
2010 and lasted approximately two months. The
financial impact on the first quarter was in line with previous
guidance of $30 - $35 million
including unabsorbed fixed costs.
On March 15, 2010 a separate unit
in Port Neches, TX which provides
raw materials for its Performance Products division suffered a
mechanical shut down expected to last approximately two weeks.
The financial impact is expected to be approximately
$6 - $8 million as a result of
increased raw material costs; however, Huntsman expects no
disruption in its ability to provide downstream products to its
customers.
About Huntsman:
Huntsman is a global manufacturer and marketer of
differentiated chemicals. Its operating companies manufacture
products for a variety of global industries, including chemicals,
plastics, automotive, aviation, textiles, footwear, paints and
coatings, construction, technology, agriculture, health care,
detergent, personal care, furniture, appliances and packaging.
Originally known for pioneering innovations in packaging and,
later, for rapid and integrated growth in petrochemicals, Huntsman
has approximately 11,000 employees and operates from multiple
locations worldwide. The Company had 2009 revenues of approximately
$8 billion. For more information
about Huntsman, please visit the company's website at
www.huntsman.com.
Forward-Looking Statements:
Statements in this release that are not historical are
forward-looking statements. These statements are based on
management's current beliefs and expectations. The forward-looking
statements in this release are subject to uncertainty and changes
in circumstances and involve risks and uncertainties that may
affect the company's operations, markets, products, services,
prices and other factors as discussed in the Huntsman companies'
filings with the U.S. Securities and Exchange Commission.
Significant risks and uncertainties may relate to, but are not
limited to, financial, economic, competitive, environmental,
political, legal, regulatory and technological factors. The
company assumes no obligation to provide revisions to any
forward-looking statements should circumstances change, except as
otherwise required by applicable laws.
SOURCE Huntsman Corporation