Huntsman Raises Over $600,000 for Houston-Area Charities Following Devastating Winter Storm
THE WOODLANDS, Texas – Huntsman Corporation (NYSE: HUN) today announced that it is donating over $600,000 to the Montgomery County Food Bank, Houston Food Bank, and Interfaith Ministries of The Woodlands. The donations include funds contributed this week by Huntsman associates at its Conroe, The Woodlands and Houston Ship Channel locations and a few key Huntsman service providers, as well as matching funds from the Huntsman family, the Company, and the Beaumont Foundation.
Faced with the devastating impact to Greater Houston from last week’s winter storm, Huntsman Chairman, President and CEO Peter Huntsman issued a “24-hour challenge” to associates for donations to support the ongoing relief efforts. Including the matching funds, the Company raised over $600,000, including $400,000 from our associates, key service partners, Huntsman Corporation, and Peter and Brynn Huntsman. The Beaumont Foundation*, founded by Huntsman Board member Wayne Reaud, contributed an additional $200,000.
“Last week’s freezing weather devastated people’s homes and the loss of power, water and other resources has created a dire need for so many in our area,” Peter Huntsman said. “Commitment to community is fundamental to Huntsman Corporation’s spirit and we have long supported local food banks and charities who provide for our neighbors. Many of our associates experienced hardship in the past week and their generosity is typical of their compassion. I want to thank them and our business partners and hope, through these donations, that we are able to support a quicker recovery.”
“In this time of profound impact, Texas businesses can do more and need to do it quickly,” added Huntsman. “We recognize those companies and their employees who have already stepped up and we encourage others to do the same.” The Huntsman associate pledge drive ended on Tuesday, February 23, and participation was entirely voluntary.
*The Beaumont Foundation provides food to the needy through food banks, Meals on Wheels, soup kitchens and Catholic charities.
Huntsman Corporation is a publicly traded global manufacturer and marketer of differentiated and specialty chemicals with 2020 revenues of approximately $6 billion. 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 70 manufacturing, R&D and operations facilities in approximately 30 countries and employ approximately 9,000 associates within our four distinct business divisions. For more information about Huntsman, please visit the company's website at www.huntsman.com
Certain information in this release constitutes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. 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 under the caption "Risk Factors" 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, including any delay of, or other negative developments affecting the ability to implement cost reductions, timing of proposed transactions, and manufacturing optimization improvements in Huntsman businesses and 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 statements should circumstances change, except as otherwise required by applicable laws.
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Released February 23, 2021