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 attività europea di Anidride Maleica, che porterà 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 finalización de su revisión estratégica del negocio europeo de Anhídrido Maleico, lo que resultará en el cierre de su planta en Moers, Alemania para finales del trimestre actual. La operación europea registró una pérdida ajustada de EBITDA de aproximadamente 10 millones de dólares en 2024. En adelante, los clientes europeos serán atendidos desde las instalaciones de Huntsman en Norteamérica, ubicadas en Pensacola, Florida y Geismar, Louisiana. La compañía espera incurrir en un cargo único por deterioro de activos no monetario de aproximadamente 75 millones de dólares durante el segundo trimestre de 2025 debido al cierre.
헌츠맨 코퍼레이션(NYSE: HUN)은 유럽 말레산 무수물 사업에 대한 전략적 검토를 완료했으며, 이에 따라 독일 머스(Moers)에 위치한 공장을 이번 분기 말까지 폐쇄할 것이라고 발표했습니다. 유럽 사업부는 2024년에 약 1,000만 달러의 조정 EBITDA 손실을 기록했습니다. 앞으로 유럽 고객은 플로리다 펜사콜라와 루이지애나 가이스마에 위치한 헌츠맨의 북미 시설에서 서비스를 받게 됩니다. 회사는 이번 폐쇄로 인해 2025년 2분기에 약 7,500만 달러의 일회성 비현금 자산 손상차손을 인식할 것으로 예상합니다.
Huntsman Corporation (NYSE : HUN) a annoncé l'achèvement de sa revue stratégique de son activité européenne d'Anhydride maléique, ce qui entraînera la fermeture de son site de Moers, Allemagne d'ici la fin du trimestre en cours. L'activité européenne a enregistré une perte d'EBITDA ajusté d'environ 10 millions de dollars en 2024. Dorénavant, les clients européens seront servis depuis les installations nord-américaines de Huntsman situées à Pensacola, en Floride, et à Geismar, en Louisiane. La société prévoit d'enregistrer une charge exceptionnelle de dépréciation d'actifs non monétaire d'environ 75 millions de dollars au cours du deuxième trimestre 2025 en raison de cette fermeture.
Huntsman Corporation (NYSE: HUN) hat den Abschluss seiner strategischen Überprüfung des europäischen Maleinsäureanhydrid-Geschäfts bekannt gegeben, was zur Schließung der Anlage in Moers, Deutschland bis zum Ende des laufenden Quartals führen wird. Der europäische Betrieb verzeichnete im Jahr 2024 einen bereinigten EBITDA-Verlust von etwa 10 Millionen US-Dollar. Zukünftig werden europäische Kunden von Huntsmans nordamerikanischen Standorten in Pensacola, Florida, und Geismar, Louisiana, bedient. Das Unternehmen erwartet im zweiten Quartal 2025 aufgrund der Schließung eine einmalige nicht zahlungswirksame Wertminderung in Höhe 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 approximately
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Forward-Looking Statements:
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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SOURCE Huntsman Corporation
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