The Woodlands, Texas – The Performance Products division of Huntsman Corporation (NYSE: HUN) announced today that four of its five sites in Texas that were shutdown in preparation for Hurricane Ike have now restarted operations. The Company’s facilities at Port Neches, Freeport, Dayton and Conroe are returning back to normal operations, but the Chocolate Bayou site is still undergoing some repairs in preparation for an expected restart next week.
Commenting on the restarts, divisional President Don Stanutz said “I’m delighted with the progress that our team has made in getting these plants restarted, in what have been very difficult circumstances. The preparations for, and rapid response to, Hurricane Ike by our associates really seem to have paid off in enabling the speedy restart of these facilities. Of course, it will take us some time before we get back to full capacity for all products at all of the plants, but we’re putting every effort into achieving this as soon as we safely can, and in the meantime we will continue to work closely with our customers to minimize any effects on their businesses. Products from these plants will continue to be on allocation following the force majeure that was declared September 17.”
The products manufactured at the affected sites are:
• Chocolate Bayou, which produces Alkylates (LAB and related products);
• Port Neches: Ethylene, EO, EG, PO, PG, MTBE, Ethanolamines, Morpholine/DGA® Agent, Surfactants, and PEGs;
• Freeport: Ethyleneamines;
• Dayton: Surfactants, PEGs and Blends;
• Conroe: Specialty Amines, Carbonates, Urethane Catalysts, and Surfactants.
DGA® is a registered trademark of Huntsman Corporation or an affiliate thereof in one or more, but not all, countries.
About Huntsman Corporation:
Huntsman is a global manufacturer and market
er 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 today has 13,000 employees and operates from multiple locations worldwide. The company had 2007 revenues of approximately US$10 billion.
Forward Looking Statements:
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 US 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. In addition, the completion of any transactions described in this release is subject to a number of uncertainties and closing will be subject to approvals and other customary conditions. Accordingly, there can be no assurance that such transactions will be completed or that the company’s expectations will be realized. The company assumes no obligation to provide revisions to any forward-looking statements should circumstances change, except as otherwise required by applicable laws.
Gary Chapman, tel: +1 281 719 4324
Kurt Ogden, tel: +1
801 584 5959