TITLE

Huntsman to exit base chemicals

AUTHOR(S)
Kovac, Matt
PUB. DATE
August 2006
SOURCE
ICIS Chemical Business;8/28/2006, Vol. 1 Issue 32, p12
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the withdrawal of U.S.-based Huntsman from the commodity chemical sector due to the concern of its president and CEO Peter Huntsman over the possible impact of an increased competition in the Middle East on its profitability. It is said that Middle East is a popular investment spot in new petrochemical complexes. As a result of the withdrawal, the global sale of the company is predicted to drop from $13 billion to $9 billion.
ACCESSION #
22258670

 

Related Articles

  • Executive Summary.  // USA Petrochemicals Report;Q1 2010, p5 

    The article presents an update on the petrochemicals industry in the U.S. as of the first quarter of 2010. It argues that a reduction in capacity should not affect profitability or competitiveness. Details on the percentage decline on several petrochemical products during the first three...

  • ICI close to selling UK petrochemicals site. Milmo, Sean // Chemical Market Reporter;04/20/98, Vol. 253 Issue 16, p5 

    Reports that ICI Corp. may be close to a decision on whether to sell its petrochemical operations in Great Britain. Huntsman Corp. as possible buyer.

  • Petrochemical Prosperity Index Q3 Report.  // China Chemical Reporter;11/21/2010, Vol. 21 Issue 22, p5 

    The article discusses the prosperity index report by the China Economic Monitoring & Analysis Center which suggested a pullback in the petrochemical industry in China during the third quarter of 2010. It says that some companies in the petroleum sector made a 3.96 billion renminbi loss, a yearly...

  • NEWS IN BRIEF.  // MEED: Middle East Economic Digest;1/27/2006, Vol. 50 Issue 4, p12 

    The article presents news briefs on the petroleum chemicals industry in Saudi Arabia. Al-Zamil Group and Huntsman Corp. a shareholders' agreement on January 22, 2006 for the establishment of Arabian Amines Co. There has been an increase in the full-year net profit of Saudi Basic Industries Corp....

  • Steady recovery boosts optimism. BAKER, JOHN // ICIS Chemical Business;3/28/2011, Vol. 279 Issue 11, Special section p9 

    The article offers information on the expansion plans of Huntsman Corp., and the U.S. economic growth and prospects for the petrochemical sector in North America. According to the chief executive officer of the company, Peter Huntsman, the cost and availability of money was low 3-years ago, but...

  • Huntsman to sell commodities. Lerner, Ivan // Chemical Market Reporter;8/14/2006, Vol. 270 Issue 5, p5 

    The article reports on the sale of the petrochemical portfolio of Huntsman Corp. in the U.S. It is estimated that the asset of the company will sell at around $1.5 to $2 billion. The company will sell its trade goods such polyethylene, polypropylene and polyurethane and epoxy resins. After the...

  • Huntsman to split in two. Esposito, Frank // Urethanes Technology;Apr/May2006, Vol. 23 Issue 2, p4 

    This article explains that Peter Huntsman is about to run a two-for-one sale that will affect the future of Huntsman Corp., the plastics and chemicals firm his father started almost four decades ago. One will be a speciality chemicals company with 13,000 employees and sales of $9000 million--in...

  • Petrochemical companies in the Gulf see Q1-2012 profits fall 10%.  // Popular Plastics & Packaging;Jul2012, Vol. 57 Issue 7, p67 

    This article reports on the decline in net profit posted by petrochemical companies in the Gulf for the first quarter of 2012.

  • More Firms Post Profit Declines on Lower Volumes, Higher Costs. Seewald, Nancy; Coons, Rebecca // Chemical Week;3/2/2009, Vol. 171 Issue 6, p8 

    The article reports that fourth-quarter 2008 earnings at chemical companies were mostly down compared with the same period of 2007. Huntsman's net income was $598 million for the quarter, compared with income of $2 million in the same quarter in 2007. It was also noted that during the last...

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics