FOR IMMEDIATE RELEASE
September 7, 2017
Tropical Storm Harvey Update #4 – 5:00 pm
THE WOODLANDS, TX – As Huntsman’s manufacturing sites in the regions affected by Tropical Storm Harvey and subsequent flooding continue preparations for safe start-up in the coming days, we remain focused on assisting our employees who suffered personal property damage resulting from flood waters.
Huntsman is providing financial support to approximately 100 associates whose primary residences have been damaged by the storm’s flood waters. Additionally, Huntsman entities have contributed more than $10 million to relief efforts.
We are making good progress with the restart process, with some units now in full operation. The Huntsman manufacturing sites listed below are in various stages of startup and will resume full operations as engineering and pre-startup safety checks are completed, and raw materials become available:
• Chocolate Bayou
• Port Neches
Huntsman’s manufacturing sites in Freeport and Houston, Texas, have resumed normal operations.
Our manufacturing site in Pensacola, Florida, continues to operate normally as it closely monitors Hurricane Irma’s path.
We are communicating directly with our customers about their orders and deliveries through our dedicated customer service and commercial contacts.
Please check our website, www.Huntsman.com, for updates.
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Huntsman Corporation is a publicly traded global manufacturer and marketer of differentiated and specialty chemicals with 2016 revenues of approximately $10 billion. Our chemical products number in the thousands and are sold worldwide to manu
facturers serving a broad and diverse range of consumer and industrial end markets. We operate more than 75 manufacturing, R&D and operations facilities in over 30 countries and employ approximately 10,000 associates within our four distinct business divisions. For more information about Huntsman, please visit the company's website at www.huntsman.com.
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 U.S. Securities and Exchange Commission. Significant risks and uncertainties may relate to, but are not limited to, volatile global economic conditions, cyclical and volatile product markets, disruptions in production at manufacturing facilities, reorganization or restructuring of Huntsman’s operations, the ability to implement cost reductions and manufacturing optimization improvements in Huntsman businesses, to consummate or achieve the expected benefits of the proposed transaction with Clariant and to realize anticipated cost savings, and other financial, economic, competitive, environmental, political, legal, regulatory and technological factors. The company assumes no obligation to provide revisions to any forward-looking stateme
nts should circumstances change, except as otherwise required by applicable laws.