THE WOODLANDS, Texas,
March 17, 2017 /PRNewswire/
-- Huntsman Corporation (NYSE:HUN) has today announced a plan
to close the white end finishing and packaging operation of its
titanium dioxide (TiO2) manufacturing facility based in
Calais, France, during the third
quarter 2017.
The announced plan follows the 2015 closure of the black end
manufacturing operations and would result in the closure of the
entire facility. 108 positions on the site will be affected.
The plan to close the Calais white end is structured to allow
completion of any remaining obligations to any third parties and
regulators.
Simon Turner, President of
Huntsman Pigments and Additives division, commented: "The
planned closure of the Calais facility further optimizes our
manufacturing network and will increase our recently announced
business improvement program by $15
million to a total annual benefit of $90 million. Our priority is to communicate with
our Calais employees and their representative groups, along with
local community leaders, to ensure that the planned closure is
safely and effectively managed."
About Huntsman:
Huntsman Corporation is a publicly traded global manufacturer
and marketer of differentiated chemicals with 2016 revenues of
approximately $10 billion. Our
chemical products number in the thousands and are sold worldwide to
manufacturers serving a broad and diverse range of consumer and
industrial end markets. We operate more than 100 manufacturing and
R&D facilities in approximately 30 countries and employ
approximately 15,000 associates within our 5 distinct business
divisions including the Pigments and Additives division that we
intend to spin-off as Venator Materials Corporation. For more
information about Huntsman, please visit the company's website
at www.huntsman.com.
Social Media:
Twitter: www.twitter.com/Huntsman_Corp
Facebook: www.facebook.com/huntsmancorp
LinkedIn:
www.linkedin.com/company/huntsman
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, volatile global economic conditions, cyclical and
volatile product markets, disruptions in production at
manufacturing facilities, reorganization or restructuring of
Huntsman's operations, including any delay of, or other negative
developments affecting, the spin-off of Venator Materials
Corporation, the ability to implement cost reductions and
manufacturing optimization improvements in Huntsman businesses and
realize anticipated cost savings, and other 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.
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SOURCE Huntsman Corporation