乐天堂fun88(中国区)官方网站 Announces Manufacturing Disruption at Port Neches, Texas Facility
FOR IMMEDIATE RELEASE
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August 15, 2014听听
The Woodlands, TX听听听
NYSE: HUN
The Woodlands, TX 鈥� 乐天堂fun88(中国区)官方网站 Corporation (NYSE: HUN) announced today that it experienced an unplanned manufacturing disruption on a production unit at its facility in Port Neches, Texas.听 There were no injuries resulting from the incident.
The disruption occurred on Thursday August 14 and was caused by equipment failure.
The Port Neches facility manufactures methyl tertiary butyl ether (MTBE), propylene oxide (PO) and propylene glycols (PG).听 The manufacturing disruption also impacts internal PO supply to downstream MDI systems, amines, surfactants and propylene oxide derivatives.听 The affected unit is expected to be off-line for two to three weeks, with an estimated negative impact of $30 million EBITDA for 乐天堂fun88(中国区)官方网站鈥檚 Polyurethanes and Performance Products divisions.
It is yet to be determined whether this will impact the planned maintenance scheduled for the first half of 2015.
About 乐天堂fun88(中国区)官方网站:
乐天堂fun88(中国区)官方网站 Corporation is a publicly traded global manufacturer and marketer of differentiated chemicals with 2012 revenues of over $11 billion. Our chemical products number in the thousands and are sold worldwide to meet the needs of consumers and manufacturers serving a broad range of end markets.听 We operate more than 75 manufacturing and R&D facilities in 30 countries and employ approximately 12,000 associates within our 5 distinct business divisions.听 For more information about 乐天堂fun88(中国区)官方网站, please visit the company's website at .
Forward-Looking Statements:
Statements in this release that are not historical are forward-looking statements. These statements are based on management's current beliefs and expectations. The forward-looking statements in this release are subject to uncertainty and changes in circumstances and involve risks and uncertainties that may affect the company's operations, markets, products, services, prices and other factors as discussed in the 乐天堂fun88(中国区)官方网站 companies' filings with the U.S. Securities and Exchange Commission. Significant risks and uncertainties may relate to, but are not limited to, financial, economic, competitive, environmental, political, legal, regulatory and technological factors.听 The company assumes no obligation to provide revisions to any forward-looking statements should circumstances change, except as otherwise required by applicable laws.
Media:
Gary Chapman
(281) 719-4324
Investor Relations:
Kurt Ogden
(801) 584-5959
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