Huntsman sells chemicals and intermediates to increase PU focus

摘要

The Woodlands,Texas Huntsman has sold its chemicals intermediates business to Indorama Ventures for $2.1 bn.This is about nine times the EBITDA generated by the business in the past 12 months.The sale involves three sites.One of these is in Texas,another in India,and the third in Australia.Peter Huntsman,the company's chairman and CEO,explained the deal's logic in a call with financial analysts.'It gives money for investments in RD,and allows us to invest in business that will give more stable income,'he said.'Ournumber one priority is a strong balance sheet.