Huntsman Corporation Announces $75 Million Non-Cash Impairment Due to Closure of German Facility

Reuters

05-28

Huntsman Corporation Announces $75 Million Non-Cash Impairment Due to Closure of German Facility

Huntsman Corporation has announced the closure of its Maleic Anhydride facility in Moers, Germany, following a strategic review of its European operations. This decision comes after the European Maleic Anhydride business reported an adjusted EBITDA loss of approximately $10 million in 2024. Huntsman plans to continue serving its European customers from its North American facilities in Pensacola, Florida, and Geismar, Louisiana. As a result of the facility's closure, the company expects to incur a one-time non-cash asset impairment charge of about $75 million in the second quarter of 2025.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Huntsman Corporation published the original content used to generate this news brief via PR Newswire (Ref. ID: LA97089) on May 28, 2025, and is solely responsible for the information contained therein.

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This decision comes after the European Maleic Anhydride business reported an adjusted EBITDA loss of approximately $10 million in 2024. Huntsman plans to continue serving its European customers from its North American facilities in Pensacola, Florida, and Geismar, Louisiana. As a result of the facility's closure, the company expects to incur a one-time non-cash asset impairment charge of about $75 million in the second quarter of 2025.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Huntsman Corporation published the original content used to generate this news brief via PR Newswire (Ref. ID: LA97089) on May 28, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250528:nNDLbXYxLX:1","article_id":"2538425359","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2538425359","pubTimestamp":1748422828,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Huntsman Corporation has announced the closure of its Maleic Anhydride facility in Moers, Germany, following a strategic review of its European operations. This decision comes after the European Maleic Anhydride business reported an adjusted EBITDA loss of approximately $10 million in 2024. Huntsman plans to continue serving its European customers from its North American facilities in Pensacola, Florida, and Geismar, Louisiana. As a result of the facility's closure, the company expects to incur a one-time non-cash asset impairment charge of about $75 million in the second quarter of 2025.Disclaimer: This news brief was created by Public Technologies  using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. 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