Successful Cost Reduction Program
Huntsman is on track to complete a $100 million cost reduction program, which includes eliminating or relocating over 600 positions and closing 7 sites, mostly in Europe. They are expected to meet and likely exceed these targeted savings.
Strong Cash Flow
Huntsman delivered $200 million of operating cash in the third quarter, with a year-to-date free cash flow exceeding $100 million.
Market Share Gains in Advanced Materials
Huntsman's Advanced Materials division showed resilience with strong performance in aerospace, power, and automotive sectors, despite challenging market conditions.