Increased sales at Huntsman’s textile division
11/02/2014
Average selling prices increased in response to higher raw material costs while sales volumes increased due to increased market share in key countries and stronger consumer sentiment.
Group CEO Peter Huntsman said the business as a whole saw improvements in earnings in the fourth quarter compared with the prior year. “Aggressive self-help measures that have refocused our efforts on key markets and lowered our costs are yielding benefits to the bottom line,” he said.
"We expect to close on the acquisition of Rockwood Holdings' performance additives and titanium dioxide businesses during the first half of 2014 and remain confident in our ability to deliver synergies of $130 million. Antitrust review in the US is complete and we are making positive strides as it relates to the European Union review.”
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