Further plant closures in Huntsman’s pigments bu - sportstextiles: Lea SportsTextiles

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Further plant closures in Huntsman’s pigments business

11/03/2015
Huntsman Corporation is cutting 120 jobs and closing plants in its colour pigments business, part of a previously announced plan to deliver $20 million in costs savings by mid-2016.

Manufacturing sites to be closed by the end of this year include Cartersville, Georgia; East St. Louis, Illinois; and King of Prussia, Pennsylvania in the US, in addition to Hainhausen, Germany. Products produced by these facilities will be supplied by other Huntsman facilities.

CEO Peter Huntsman said:  “The announcement underscores our commitment to restructure and remove cost from our newly acquired assets and operations as quickly and efficiently as possible. I am pleased to see that we are well on track to deliver more than $140 million in total synergies, with $60 million of that to be achieved in 2015.
 
"In addition to these savings, we have announced a plan to close the black end of our TiO2 plant in Calais, France that will generate $35 million of annual savings.”

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