Huntsman Experiences Second Quarter 2014 Manufacturing Disruption

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Jun 18, 2014, 07:35 ET

THE WOODLANDS, Texas, June 18, 2014 /PRNewswire/ -- Huntsman Corporation (NYSE: HUN) announced that during the second quarter of 2014 it experienced an unplanned manufacturing disruption within its Polyurethanes division. The disruption occurred at its propylene oxide and MTBE facility in Port Neches, Texas. The manufacturing facility is now operating at normal rates. The estimated financial impact of the manufacturing disruption in the second quarter of 2014 was approximately $10 million.

About Huntsman:

Huntsman Corporation is a publicly traded global manufacturer and marketer of differentiated chemicals with 2013 revenues of over $11 billion. Our chemical products number in the thousands and are sold worldwide to manufacturers serving a broad and diverse range of consumer and industrial end markets. We operate more than 80 manufacturing and R&D facilities in 30 countries and employ approximately 12,000 associates within our 5 distinct business divisions. For more information about Huntsman, please visit the company's website at www.huntsman.com.

Forward Looking Statements:

Statements in this release that are not historical are forward-looking statements. These statements are based on management's current beliefs and expectations. The forward-looking statements in this release are subject to uncertainty and changes in circumstances and involve risks and uncertainties that may affect the company's operations, markets, products, services, prices and other factors as discussed in the Huntsman companies' filings with the U.S. Securities and Exchange Commission. Significant risks and uncertainties may relate to, but are not limited to, financial, economic, competitive, environmental, political, legal, regulatory and technological factors. In addition, the completion of any transactions described in this release is subject to a number of uncertainties and closing will be subject to approvals and other customary conditions. Accordingly, there can be no assurance that such transactions will be completed or that the company's expectations will be realized. The company assumes no obligation to provide revisions to any forward-looking statements should circumstances change, except as otherwise required by applicable laws.

SOURCE Huntsman Corporation