Huntsman Q2 2014 benefit from NIDI tightness

摘要

The Woodlands, Texas-Adjusted EBITDA for Huntsman's polyu-rethanes division in the second quarter of 2014 was SI97 million, Peter Huntsman, ceo said at an investors conference call. He added: "We saw favourable earnings growth from our MDI urethanes business of S24m, whereas PO/MTBE earnings decreased Sim as a result of a manufacturing disruption at our Fort Neches, Texas facility. This hit EBITDA by about $ 10m in the quarter," he said. Kimo Esplin, chief financial officer, said that polyurethanes is Huntsman's largest division. It made up 33°/o of revenue in the second quarter and grew 5%. MDI urethanes revenue increased 8% and more than offset the negative impact from the PO/MTBE manufacturing disruption.