#United States #The Woodlands #Huntsman Corporation #Maleic Anhydride #Moers Germany

Huntsman Corporation’s Strategic Review

Huntsman Corporation, a leader in specialty chemicals, has announced the conclusion of its strategic review concerning its Maleic Anhydride business in Europe. The review’s outcome led to a significant decision: the closure of the company's facility located in Moers, Germany. This shift marks a pivotal moment in Huntsman’s operational strategy, aiming to streamline its European operations while enhancing service delivery to its customers.

Closure of the Moers Facility

The Moers facility has been an integral part of Huntsman's European Maleic Anhydride operations. However, the company experienced an adjusted EBITDA loss of approximately $10 million in 2024 from this segment. Accordingly, Huntsman intends to cease operations there by the end of the current quarter. The decision reflects an ongoing evaluation of business viability and market conditions affecting chemical production in competitive environments.

Future Operations from North America

In a strategic pivot, Huntsman plans to continue servicing its European clients through its established North American facilities in Pensacola, Florida, and Geismar, Louisiana. This transition is expected to mitigate service disruptions and maintain customer satisfaction by leveraging existing capabilities in the United States.

The company’s approach aims not only to respond to current market dynamics but also to position Huntsman for future growth in the highly specialized chemicals sector. The management has articulated a commitment to ensuring that customer needs are prioritized, even amid significant operational changes.

Financial Implications

Consequently, Huntsman estimates a one-time non-cash asset impairment charge of around $75 million during the second quarter of 2025, stemming directly from the closure of the Moers facility. This charge reflects the company's proactive measures to adapt to a changing landscape and reallocate resources effectively.

About Huntsman Corporation

Founded on principles of innovation and reliability, Huntsman Corporation remains a publicly traded global manufacturer specializing in differentiated and specialty chemical products. The company reported approximately $6 billion in revenues in 2024, underscoring its stronghold in the industry. With a portfolio of thousands of chemical products, Huntsman serves a broad spectrum of consumer and industrial markets.

Operating more than 60 manufacturing, R&D, and operational facilities in approximately 25 countries, Huntsman boasts a dedicated workforce of about 6,300 associates. The company is committed to advancing its product offerings while adhering to sustainable practices and corporate responsibility.

For further information about Huntsman Corporation and its diverse range of chemical products, visit www.huntsman.com.

Conclusion

The completion of the strategic review highlights Huntsman's adaptability in a competitive market. The company’s focus on delivering exceptional service through modified operational strategies positions it well for navigating future challenges. With the support of its North American facilities, Huntsman is poised to maintain its commitment to European customers, ensuring that they continue to benefit from the company's extensive expertise and product offerings.