The Woodlands-primarily based petrochemical firm Huntsman corp. stated Friday it published a small $41 million quarterly income amid falling revenues and a market surroundings with depressed chemical substances costs worldwide.
Huntsman's profit compares to an $8 million loss at some stage in the 0.33 region a year ago. But its $1.7 billion in quarterly revenues fell almost 15 percent from last year.
The business enterprise also is heading in the right direction to close the sale of its chemical intermediates and surfactants business for greater than $2 billion to the Thai chemical firm indorama ventures by way of early next year. The deal, which turned into introduced in August, includes the sale of Houston-region plants in Port Neches, Dayton and Chocolate Bayou.
The sale is intended to unload a number of Huntsman's organizations that include extra cyclical pricing as Huntsman targets to cognizance on greater solid and sturdy chemicals products.
Notwithstanding more and more tough international monetary surroundings, there is no way been greater thrilled about our mix of companies and the strength of our balance sheet," said leader government Peter Huntsman. They keep the strategy to transport and shift our asset portfolio to more downstream, stable and resilient organizations, in addition to manipulate effectively our running capital and balance sheet."
Huntsman organization is an American multinational manufacturer and marketer of chemical products for clients and business customers. Huntsman manufactures assorted polyurethanes, overall performance merchandise, and adhesives for customers like BMW, GE, Chevron, Procter & Gamble, and Unilever
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