Huntsman Completes European Maleic Anhydride Strategic Review
Huntsman Corporation (NYSE: HUN) has announced the completion of its strategic review of the European Maleic Anhydride business, resulting in the closure of its facility in Moers, Germany by the end of the current quarter. The European operation recorded an adjusted EBITDA loss of approximately $10 million in 2024. Moving forward, European customers will be served from Huntsman's North American facilities in Pensacola, Florida and Geismar, Louisiana. The company expects to incur a one-time non-cash asset impairment charge of approximately $75 million during Q2 2025 due to the closure.
Huntsman Corporation (NYSE: HUN) ha annunciato il completamento della revisione strategica della sua attivit脿 europea di Anidride Maleica, che porter脿 alla chiusura dello stabilimento di Moers, Germania entro la fine del trimestre in corso. L'operazione europea ha registrato una perdita di EBITDA rettificato di circa 10 milioni di dollari nel 2024. In futuro, i clienti europei saranno serviti dagli impianti di Huntsman in Nord America, situati a Pensacola, Florida, e Geismar, Louisiana. L'azienda prevede di sostenere una rettifica una tantum non monetaria di circa 75 milioni di dollari nel secondo trimestre del 2025 a causa della chiusura.
Huntsman Corporation (NYSE: HUN) ha anunciado la finalizaci贸n de su revisi贸n estrat茅gica del negocio europeo de Anh铆drido Maleico, lo que resultar谩 en el cierre de su planta en Moers, Alemania para finales del trimestre actual. La operaci贸n europea registr贸 una p茅rdida ajustada de EBITDA de aproximadamente 10 millones de d贸lares en 2024. En adelante, los clientes europeos ser谩n atendidos desde las instalaciones de Huntsman en Norteam茅rica, ubicadas en Pensacola, Florida y Geismar, Louisiana. La compa帽铆a espera incurrir en un cargo 煤nico por deterioro de activos no monetario de aproximadamente 75 millones de d贸lares durante el segundo trimestre de 2025 debido al cierre.
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Huntsman Corporation (NYSE : HUN) a annonc茅 l'ach猫vement de sa revue strat茅gique de son activit茅 europ茅enne d'Anhydride mal茅ique, ce qui entra卯nera la fermeture de son site de Moers, Allemagne d'ici la fin du trimestre en cours. L'activit茅 europ茅enne a enregistr茅 une perte d'EBITDA ajust茅 d'environ 10 millions de dollars en 2024. Dor茅navant, les clients europ茅ens seront servis depuis les installations nord-am茅ricaines de Huntsman situ茅es 脿 Pensacola, en Floride, et 脿 Geismar, en Louisiane. La soci茅t茅 pr茅voit d'enregistrer une charge exceptionnelle de d茅pr茅ciation d'actifs non mon茅taire d'environ 75 millions de dollars au cours du deuxi猫me trimestre 2025 en raison de cette fermeture.
Huntsman Corporation (NYSE: HUN) hat den Abschluss seiner strategischen 脺berpr眉fung des europ盲ischen Maleins盲ureanhydrid-Gesch盲fts bekannt gegeben, was zur Schlie脽ung der Anlage in Moers, Deutschland bis zum Ende des laufenden Quartals f眉hren wird. Der europ盲ische Betrieb verzeichnete im Jahr 2024 einen bereinigten EBITDA-Verlust von etwa 10 Millionen US-Dollar. Zuk眉nftig werden europ盲ische Kunden von Huntsmans nordamerikanischen Standorten in Pensacola, Florida, und Geismar, Louisiana, bedient. Das Unternehmen erwartet im zweiten Quartal 2025 aufgrund der Schlie脽ung eine einmalige nicht zahlungswirksame Wertminderung in H枚he von etwa 75 Millionen US-Dollar.
- Elimination of loss-making operations that generated -$10M EBITDA in 2024
- Strategic consolidation of operations to more efficient North American facilities
- Cost reduction through facility closure
- $75 million one-time non-cash asset impairment charge in Q2 2025
- Loss of local European production capacity
- Potential increased logistics costs serving European customers from North America
About Huntsman:
Huntsman Corporation is a publicly traded global manufacturer and marketer of differentiated and specialty chemicals with 2024 revenues of听approximately
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Forward-Looking Statements:听
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
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