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.

Dampney Co., Inc.
Rubber In a can!

Rubberized Spray in a
Handy Aerosol Can

• Stays flexible
• Seals off moisture penetration
• Non sagging formulation
• Will not crack, chip or peel
• Apply to wet and dry surfaces
• Paintable


Blastox/The TDJ Group, Inc.
Blastox - One Step
Lead Abatement

Don't waste $$ on added labor steps with other methods. Don't mix, meter or apply at the job-site. Avoid strict hazardous waste rules.
Let your painters paint!


Corrosion Probe, Inc.
From Detection to Correction

Corrosion Probe, Inc. has the Most Concrete Coatings Experience and Expertise. Contact us today at
860-767-4402, www.cpiengineering.com


ITW Binks
Built for Tough Jobs

From Epoxies to Urethanes to other high solid coatings, the new Binks Airless 75 delivers a great finish using an ergonomic design. Visit binks.com for more information.


Industrial Vacuum Equipment Corp.
Hurricane Vacuums
& Dust Collectors

Vacuum and dust collector hose, filters and related accessories.
IndustrialVacuum.com


BASF
New resins from BASF will have metals loving water:

Excellent corrosion resistance, low VOC, high gloss, thin films basf.us/industrialcoatings
polyorders@basf.com
800-231-7868


Denso North America Inc.
Denso SeaShield
Marine Systems

A full range of steel, concrete and timber pile rehabilitation systems including petrolatum systems, fiberglass jackets, epoxy grouts and many other product lines.
Call 1-281-821-3355 or Visit densona.com

 
 
 
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