Manufacturing Industry
Huntsman may shed its polymers unit.
Plastics News, August, 2006 by Esposito, Frank
Byline: Frank Esposito Huntsman Corp. may remove itself from the commodity plastics market by selling its polymers unit later this year. Salt Lake City-based Huntsman previously had planned to split into two separate public companies - one focused on commodities like polyethylene and polypropylene, the other on specialties like polyurethanes and epoxies.
But in an Aug. 2 conference call, Chief Executive Officer Peter Huntsman said "an outright sale'' of the commodities units is "the more attractive option'' based on interest from potential buyers. The commodities business includes PP production in Odessa and Longview, Texas; PE production in Odessa and expanded polystyrene production in Peru, Ill. The unit also produces ethylene, propylene and other...
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