Huntsman Reaffirms 2016 Strategic Initiatives
THE WOODLANDS, Texas, Aug. 12, 2015 /PRNewswire/ -- Huntsman Corporation (NYSE: HUN)
Speaking at the Jefferies 2015 Industrials Conference yesterday, Peter Huntsman, our President and CEO, reaffirmed the following points:
- We continue to expect that cash flow will improve approximately $300 million in 2016.
- We remain committed to a separation of the Pigments and Additives business by the end of 2016 and are actively exploring additional possibilities outside of an initial public offering that may be completed sooner to enhance greater shareholder value.
A webcast replay of the full presentation can be found at ir.huntsman.com.
Huntsman Corporation is a publicly traded global manufacturer and marketer of differentiated chemicals with 2014 revenues of approximately $13 billion including the acquisition of Rockwood's performance additives and titanium dioxide businesses. Our chemical products number in the thousands and are sold worldwide to manufacturers serving a broad and diverse range of consumer and industrial end markets. We operate more than 100 manufacturing and R&D facilities in more than 30 countries and employ approximately 16,000 associates within our 5 distinct business divisions. For more information about Huntsman, please visit the company's website at www.huntsman.com.
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, financial, economic, competitive, environmental, political, legal, regulatory and technological factors. The company assumes no obligation to provide revisions to any forward-looking statements should circumstances change, except as otherwise required by applicable laws.
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SOURCE Huntsman Corporation
Released August 12, 2015