Huntsman Announces Successful Completion Of It's Scheduled Maintenance At Port
THE WOODLANDS, Texas, March 19, 2013
THE WOODLANDS,Texas, March 19, 2013 /PRNewswire/ --Huntsman Corporation
(NYSE: HUN) today announced that it has successfully completed the scheduled
maintenance of its olefins and ethylene oxide facilities in Port Neches,
Texas. This type of heavy maintenance occurs once every four years.
The facilities are now operating at normal rates. The maintenance outage took
longer than originally anticipated as a result of start up issues and adverse
weather conditions. The impact of the prolonged start up on first quarter
2013 EBITDA is $10 million more than our earlier guidance.
The total estimated impact on first quarter 2013 EBITDA is approximately $55
Huntsman is a global manufacturer and marketer of differentiated chemicals.
Its operating companies manufacture products for a variety of global
industries, including chemicals, plastics, automotive, aviation, textiles,
footwear, paints and coatings, construction, technology, agriculture, health
care, detergent, personal care, furniture, appliances and packaging.
Originally known for pioneering innovations in packaging and, later, for rapid
and integrated growth in petrochemicals, Huntsman has approximately 12,000
employees and operates from multiple locations worldwide. The Company had 2012
revenues of over $11 billion. For more information about Huntsman, please
visit the company's website at www.huntsman.com.
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. The
company assumes no obligation to provide revisions to any forward-looking
statements should circumstances change, except as otherwise required by
SOURCE Huntsman Corporation
Contact: Gary Chapman, Media, +1-281-719-4324; Kurt Ogden, Investor Relations,
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