Welcome Guest to Coatings World    Login || Register
Last Updated Wednesday, October 7 2015

Huntsman Releases

Published August 10, 2005
l Huntsman International LLC reported preliminary, unaudited total revenues and adjusted EBITDA, defined as net income before taxes, minority interest, cumulative effect of accounting change, interest expense, depreciation and amortization, of $1.006 billion and $20 million, respectively, for the three months ended Dec. 31, 2001 and $4.575 billion and $398 million, respectively, for the twelve months ended Dec. 31, 2001. Results for the three and twelve months ended Dec. 31, 2001 includes $45 million and $47 million, respectively, in one-time non-recurring plant closing and restructuring costs associated with the company’s specialty chemicals and tioxide segments.
For the three months ended Dec. 31, 2001, revenues in specialty chemicals rose 14% due primarily to $105 million in revenues attributable to the acquisitions of the European surfactants business from Rhodia S.A. in April 2001 and a performance chemicals business from Dow Chemical Company in Feb. 2001, according to the company. Revenues in the petrochemicals and Tioxide segments dropped 40% and 11%, respectively, due to lower average selling prices and sales volumes in both segments. These declines were primarily attributable to weak global economic conditions and lower underlying feedstock costs in petrochemicals, according to the company.
Revenues in the specialty chemicals businesses rose by 20% for the year and sales in the petro

blog comments powered by Disqus

Receive free Coatings World emails
Sign up now to receive the weekly newsletter, and more!

Enter your email address:
Company Spotlight
AZ Electronic Materials Co., Ltd.
No. 458-6, Sinsing Road Hu Kou Township Hsinchu Country 303, Taiwan
Hsinchu Country, Taiwan, 303
View Profile
18F, No.85, Sec. 1, Chung-Shiao E. Rd.
Taipei, Taiwan, 100
View Profile
Siltech Corporation
225 Wicksteed Avenue
Toronto, ON, M4H 1G5
View Profile
Sunin Machine Co., Ltd.
No.96, Chiao Ho Rd ,Chungho Dist
New Taipei City, Taiwan , 235
Taiwan Roc
View Profile
Houchi Chemical Co., Ltd
No.56, Fu Chow Street
Taipei, Taipei, 100
View Profile
Micro Powders, Inc.
580 White Plains Rd.
Tarrytown, NY, 10591
View Profile
BASF Corporation
100 Campus Drive
Florham Park, NJ, 07932
View Profile
Follow Coatings World On