Huntsman latest producer to be hit by TiO2 dip

By John Ollett
Published: Friday, 02 November 2012

Pigment revenues decline by 30% while EBITDA halves amid poor sales

Huntsman Corp. became the latest chloride-route titanium dioxide (TiO2) producer to be hit by the industry dip as revenues from its pigment segment declined by 30% year-on-year (y-o-y).

The UK-based pigments division’s EBITDA* fell by more than half, dropping by 55% y-o-y to $72m.

“The decrease in adjusted...

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