Huntsman (HUN) to Shutter South African TiO2 Facility
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 9/25/2026
- Wall Street ends higher as investors buy AI stocks; Microsoft rallies
- Stock action shows confidence in central banks: BofA’s Hartnett
- Oil prices slide about 2% as US, Iran explore path out of war
- Why stocks held up despite rising yields and $100 oil? These 2 words explain it
- Barclays asks if equity markets are nearing the boiling point
- Akamai signs $11.6B deal with Anthropic, up to $20B potential
- Bloom Energy falls as Oracle invokes force majeure on AI project
- Oracle triggers force majeure on massive 'Project Jupiter' data center
- Oracle Sends Force Majeure Notice Over New Mexico Data Center - Bloomberg
- S&P 500 ends marginally lower as investors focus on US-Iran war
Huntsman Announces Plan to Close its South African Titanium Dioxide (TiO2) Manufacturing Facility
July 6, 2016 6:30 AM EDTTHE WOODLANDS, Texas, July 6, 2016 /PRNewswire/ -- Huntsman Corporation (NYSE: HUN) announced today a plan to close its 25,000 metric ton TiO2 manufacturing facility based in Umbogintwini, South Africa during the fourth quarter 2016. Closure of the facility will have a cash pay-back of less than two years. Cost savings from this closure are in addition to the approximately $200 million previously announced.
Employing approximately 140 Associates, the Umbogintwini plant is the smallest and oldest TiO2 manufacturing plant in the Pigments and Additives division. Under the proposed plan, production at the plant will end during... More
