Cost Savings Initiatives
Huntsman successfully implemented cost-saving measures, resulting in more than $150 million offset against global inflationary costs since 2022, and a reduction in SG&A by more than 6%.
Strategic Asset Footprint Optimization
The company closed or sold several locations and opened global business service hubs in San José, Costa Rica, and Kraków, Poland, expanding the Kuala Lumpur site to approximately 600 positions.
Positive MDI Market Trends
Huntsman reports early signs of recovery in MDI pricing and margins, with MDI prices in China at a three-year high and announced price increases in North America.
New Opportunities in Performance Products
Expansion in Conroe, Texas, with new facilities servicing the chip industry and other sectors, indicating potential growth in Performance Products throughout the year.