Huntsman confirms exit from TiO2 as Q3 income more than halves

By Kasia Patel
Published: Tuesday, 27 October 2015

The company has once again reaffirmed its intentions to withdraw from the TiO2 market as its pigments and additives section continues to underachieve. Huntsman has now suggested either a spin-off or a more “strategic” exit. Investment meanwhile is planned to be cut by $150m over the next two years.

US-based chemicals manufacturer Huntsman Corp. saw its net income more than halve to $55m over the third quarter 2015, down from $188m in the same period the previous year as the company’s pigment division continued to underperform.

Adjusted net income dropped to $155m down from $147m in Q3, while...

This is a preview of the full article

  • 2 years pricing data on all minerals
  • The latest global news and features
  • Print magazine
  • Article archive ranging from 1988
  • Access on the move with IM Insight mobile app

Take a Trial or Subscription today. Start below: