Huntsman confirms exit from TiO2 as Q3 income more than halves
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
Adjusted net income dropped to $155m down from $147m in Q3,