Huntsman completes sale of European commodities business
29 Dec '06
2 min read
"Our ongoing execution of our strategy to dramatically reduce debt and focus on such differentiated businesses as the Textile Effects business acquired from Ciba earlier this year, provides the Company with both a higher-margin portfolio of products and a much stronger balance sheet going forward."
"We anticipate declaring the Company's first quarterly dividend on common shares in early 2007," stated Mr. Huntsman.
Huntsman's Teesside-based Pigments division and the Wilton-based aniline and nitrobenzene operations of its Polyurethanes division were not included in the transaction.
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