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

Our market news and price data is reserved for registered users only.

Current customer? Login now

All of our industrial minerals price data and news is now available only through our new platform. Learn more about the intelligence we offer by visiting our Fastmarkets flagship website. If you are familiar with our reliable and trusted intelligence, fill out a request a quote form today to hear from our friendly sales staff who will create a custom license for you.


           



Interested in lithium prices? We now offer lithium prices and coverage free for reference. Click here to read all about it.

Interested in the wider electrification market?
Join our growing community of participants who want to learn more about electrification and how this market is developing.