Huntsman Corporation reports developments tied to its global differentiated and specialty chemicals business. The company manufactures and markets products used by industrial and consumer-goods manufacturers, with operating areas that include Polyurethanes, Performance Products and Advanced Materials. Recurring updates cover earnings, segment performance, cash flow, common-stock dividends and annual meeting matters.
Company news also includes manufacturing and product-capacity developments, such as Performance Products investments for amine catalysts used in polyurethane, coatings, metalworking and electronics applications. Other recurring themes include demand conditions in end markets such as construction, automotive, durable goods and insulation, as well as executive leadership and corporate governance changes.
Huntsman Corporation (NYSE: HUN) has updated its second quarter 2020 outlook, expecting sales to decline by 30-35% year-over-year. Improvements were noted from April to May, particularly in its Polyurethanes division driven by positive trends in China and U.S. construction. However, the Textiles Effects division faces challenges, predicting slightly negative adjusted EBITDA due to ongoing textile manufacturing shutdowns. Performance Products are anticipated to meet expectations, though the Advanced Materials division may underperform due to deeper recessions in Aerospace and international markets.
Huntsman Corporation (NYSE: HUN) announced the immediate appointment of Cynthia L. Egan and Sonia Dulá to its Board of Directors. With extensive backgrounds in financial services and investment management, both appointees enhance the board's expertise. Egan previously served at T. Rowe Price and Fidelity Investments, while Dulá held leadership roles at Bank of America and Merrill Lynch. The Huntsman Board now consists of ten directors, nine being independent, aiming to strengthen its decision-making capabilities.