Huntsman to exit base chemicals

Kovac, Matt
August 2006
ICIS Chemical Business;8/28/2006, Vol. 1 Issue 32, p12
Trade Publication
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.


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