Huntsman Warns on the Upside!
Huntsman sees Q1 adjusted EBITDA rising from a year ago
Huntsman (NYSE:HUN) says it expects Q1 adjusted EBITDA to exceed the $274M from the year-ago quarter, citing continued strength in its MDI urethanes business, specifically in the Asia Pacific region.
Within the Pigments and Additives division, HUN says TiO2 price increases announced for implementation Jan. 1 have taken effect.
HUN also says it has been able to mitigate some of the impact from the outage at the Pori facility in Finland through sales of undamaged inventory such that the impact on Q1 EBITDA is now seen as less than expected; it plans to restart portions of the facility in phases, with ~20% capacity within Q2 and to become fully operational around year-end 2018.