THE WOODLANDS, Texas,
Oct. 15, 2020 /PRNewswire/
-- Huntsman Corporation (NYSE: HUN) announced today that due
to a mechanical failure at a third-party raw material supplier, its
Geismar, Louisiana MDI facility is
experiencing a partial outage which is estimated to last
approximately 5 weeks. It is currently estimated that this
will impact the Company's fourth quarter adjusted EBITDA by
approximately $15 million. The
Company will provide an update on its third quarter earnings
conference call on October 29, 2020.
About Huntsman:
Huntsman Corporation is a publicly traded global manufacturer
and marketer of differentiated and specialty chemicals with 2019
revenues of approximately $7
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 70 manufacturing, R&D and operations facilities in
approximately 30 countries and employ approximately 9,000
associates within our four distinct business divisions. 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:
Certain information in this release constitutes forward-looking
statements within the meaning of Section 27A of the Securities Act
of 1933 and Section 21E of the Securities Exchange Act of 1934.
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
under the caption "Risk Factors" 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 ability
to implement cost reductions, timing of proposed transactions, 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