Manufacturing Industry
Huntsman Corp. gearing up for big split.(divestment of Huntsman Corp. )
Plastics News, April, 2006 by Esposito, Frank
Byline: Frank Esposito Peter Huntsman is about to run a two-for-one sale that will affect the future of Huntsman Corp., the plastics and chemicals firm his father started almost four decades ago. By the end of the year, the Salt Lake City-based company will be split into two separate, publicly traded businesses.
One will be a specialty chemicals company with 13,000 employees and sales of $9 billion in polyurethanes, epoxies, titanium dioxide and textile effects. The other will be a commodity materials business with 3,000 employees and sales of $6 billion in polyethylene, polypropylene, expanded polystyrene and ethylene. The commodity business will produce PP at plants in Odessa and Longview, Texas; PE in Odessa; and EPS in Peru, Ill. Shareholders in...
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