PaintSquare.com


The First Word in Protective & Marine Coatings

A Product of Technology Publishing / PaintSquare
JPCL | PaintSquare News | Durability + Design | Paint BidTracker

Paint and Coatings Industry News

Main News Page


Huntsman Announces Q2 Results, Court Settlement

Thursday, August 20, 2009

Comment | More

Huntsman Corporation (The Woodlands, TX) released its second quarter 2009 results, which included a 36% decrease in revenue compared to Q2 2008. The second quarter saw $1.866 billion in revenue, down from $2.896 billion in Q2 2008.

In segment revenues, polyurethanes fell from $1.161 billion in 2008 to $695 million in Q2 2009. Advanced materials saw $255 million this year, compared to $427 million in Q2 2008. Textile effects decreased to $179 million from $262 million last year. The performance products segment declined from $725 million in Q2 2008 to $482 million this year, and pigments saw $254 million this year, down from $321 million in 2008.

During Q2 2009, Huntsman reached an agreement with Credit Suisse and Deutsche Bank to settle its claims against the bank in Texas state court for fraud and tortuous interference in connection with a terminated merger agreement, among other things, according to the company. Under the terms of the settlement agreement, the Bank will provide Huntsman with $632 million in cash, $500 million in senior secured term loan financing for a seven-year term, and $600 million in unsecured note financing for a seven-year term.

   

Tagged categories: Earnings reports; Finance

Comment Join the Conversation:

Sign in to our community to add your comments.

Hempel (USA) Inc.
HEMPEL PROTECTIVE COATINGS

Efficient systems and high quality products to reduce your maintenance costs. Visit Hempel Protective for more information.


Termarust Technologies
Termarust (HR CSA) Chemically Stops
Active Corrosion

Truss bridge treated with Termarust's (HR CSA) in 1995. This highway & rail truss bridge is still stable and there still is no active corrosion.


Abrasives Inc.
Need abrasives FAST?

Emergencies happen – who bails you out? One call to Abrasives Inc. and it's taken care of. Period. Sales support available 24/7.
800-584-7524


Advanced Recycling Systems
ADVANCED RECYCLING SYSTEMS (ARS)

Recycling Machines, Dust Collectors, Rapid Deployment units are time-tested and approved for the rugged industrial environment. Contact ARS today!
(330)536-8210


CHLOR*RID International Inc.
Free Webinar

Learn about soluble salts, along with a discussion on allowable levels.
More information at
www.chlor-rid.com,

800-422-3217


Modern Safety Techniques
Modern Safety Techniques

With our unique LTCat, we can help to provide clean, safe breathing air to your workers. Take a look at our Breathing Air Systems, we supply at least twice as much charcoal as our competitors! Modern


Elcometer, Inc.
Elcometer 266
DC Holiday Detector

Easily Finds Pinholes, Flaws & Thin Spots; Safer, More Reliable Testing; Voltage-Adjustable Keypad; Dual-Safety Switch On Handle.

 
 
 
Technology Publishing

The Technology Publishing Network

The Journal of Protective Coatings & Linings (JPCL) PaintSquare
Durability + Design Paint BidTracker JPCL Europe

 
EXPLORE:      JPCL   |   PaintSquare News   |   Interact   |   Buying Guides   |   Webinars   |   Resources   |   Classifieds
REGISTER AND SUBSCRIBE:      Free PaintSquare Registration   |   Subscribe to JPCL   |   Subscribe to PaintSquare News
MORE:      About PaintSquare.com   |   Privacy policy   |   Terms & conditions   |   Site Map   |   Search   |   Contact Us
 

© Copyright 2000-2014, Technology Publishing / PaintSquare, All rights reserved
2100 Wharton Street, Suite 310, Pittsburgh PA 15203-1951; Tel 1-412-431-8300; Fax 1-412-431-5428; E-mail webmaster@paintsquare.com