THE WOODLANDS, TX – The Polyurethanes division of Huntsman Corporation (NYSE:HUN) announced today that it is lifting its force majeure on all MDI isocyanate products manufactured at its Geismar, Louisiana plant. Huntsman declared force majeure on September 4, following damage caused by Hurricane Gustav.
Greg Geaman, Vice President Americas for Huntsman’s Polyurethanes division, said “Thanks to the hard work, commitment and creativity of our associates, suppliers and other key business partners, we have managed to get through this difficult period. We appreciate the patience and loyalty of our customers during these challenges.”
Force majeure on polyols manufactured at the plant will remain in place until further notice.
Huntsman is a global manufacturer and marketer 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 $10 billion. For more information about Huntsman, please visit the company’s website at www.huntsman.com.
Forward Looking Statement:
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 invol
ve 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, 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 +1 281 719 4324
Kurt Ogden +1 801 584 5958