PaintSquare.com
      | Connect Follow us on Twitter Like us on Facebook
About | Subscribe | Advertise
  

 

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.

SAFE Systems, Inc.
Portable Dust Collectors for Tough Environments

Trailer and skid-mounted models in numerous sizes, powered by electric and/or diesel. Sloped roofs, multiple dust inlets, high static, dampered fans. Lockable power & drive compartments.


Elcometer, Inc.
Durability & Design meet
Performance & Reliability

Elcometer 319 Dewpoint Meter
View the technical data on the Elcometer Dewpoint meter.


Armakleen Company, The
ARMEX when nondestructive cleaning is critical

When cleaning substrates that cannot be damaged the only blast abrasive to use is ARMEX. Other blast abrasives can remove surface materials damaging the substrate.


RPB Respiratory
SAVE TIME AND MONEY!

With 5 tear off lenses and an outer lens in place, RPB Safety’s new Nova 3 Cassette Lens System has been specifically designed to save you time and money.


Trelawny Surface Preparation Technology
Surface Preparation Equipment

Manufacturer of needle scalers, grinders, scarifiers and scabblers. Pneumatic tools for Marine and Construction. US distributor CS Unitec: 800-700-5919


Novatek Corporation
Dustless Coatings Removal

Strip it, clean it, and profile it,
all dust free! High production
rates and Blast like finishes.
Comply with new lead
standards.


Mitsubishi Gas Chemical America
Performance Amine 1,3-BAC

A highly reactive cycloaliphatic diamine offering superior performance. Reasonable cost and curing efficacy makes it suitable for all types of epoxy resin applications.


Dampney Co., Inc.
High Temperature Paint

• Prevent Rust / Corrosion
• High Build / Hot Apply
• Custom Colors / VOC-Compliant
• Offshore/Petro Chem/ Refining/Power Industries
• Over 90 Years of Experience


HoldTight Solutions Inc.
NO FLASH RUST -
NO CONTAMINANTS

Our HoldTight®102 salt remover & flash rush inhibitor prevents flash rust by removing surface contaminants.
Contact us for your nearest distributor. (800) 319.8802 sales@holdtight.com

 
 
 
Technology Publishing

The Technology Publishing Network

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

 
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 2000-2015, 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