Manufacturing Industry
Huntsman plans IPO this year.(News)(Brief Article)
Plastics News, September, 2004 by Lauzon, Michael
Byline: Michael Lauzon Resins and chemicals producer Huntsman Corp. plans to become a public company. The Salt Lake City firm said Sept. 13 it plans an initial public offering of stock this year. It will use most of the proceeds to pay down debt. The company expects current shareholders to participate in the offering.
Huntsman did not say immediately which stock exchange it will use. Polyurethane and related precursor chemicals are Huntsman's largest polymers business. Those segments accounted for $733.9 million in sales and $100 million of earnings before interest, taxes, depreciation and amortization for the firm's second quarter, ended June 30. Other polymers, including polyethylene, polypropylene and expandable polystyrene, represented sales of...
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