Skip to main content
Sister Publication Links
  • Middle East Foam & Polyurethane
  • UTECH Asia/PU China
  • UTECH Europe
  • UTECH Las Americas
Subscribe
  • My Account
  • Login
  • Subscribe
  • Ukraine
  • News
    • Asia
    • Americas
    • Europe
    • M & A
    • Financial results
    • Automotive
  • Data
  • Information
    • Country Overview
    • Market Sector overviews
    • Technical articles
    • Company profiles and strategies
  • Events
    • Exhibitions
    • Conferences
    • Webinars / Livestreams
    • Become a Speaker
    • UTECH Europe 2021
  • Advertise
  • Contact Us
  • Issues
  • Subscribe
MENU
Breadcrumb
  1. Home
  2. News
June 02, 2004 12:00 AM

Huntsman Polyurethanes profits up 81 %

Utech Staff
  • Tweet
  • Share
  • Share
  • Email
  • More
    Print

    By Patrick Raleigh UT On-line/news editorSalt Lake City, Utah-Huntsman Polyurethanes has recorded an 81-percent year-on-year rise in first quarter earnings ((EBITDA) to $72.7 million, on sales 15 percent higher at $639.6 million. Higher volumes and better average selling prices contributed an extra $54.6 million to earnings for the three months ended 31 March, Huntsman reported. These gains more than offset higher raw material and energy prices, which added $30.4 million to the firm's costs. The sales increase included a 27-percent rise in MDI (methylene dipphenyl diisocyanate) sales revenues. This, said Huntsman, was due to a 9-percent rise in selling prices and better sales volumes, which rose by 57 percent, 2 percent and 16 percent in Asia, the Americas and Europe, respectively. "A strong rigid polyurethane market, coupled with tight supply, gave rise to strong volume gains in Asia," Huntsman noted. Meanwhile, some 6 percent of the selling price gain was due to currency factors, with the remaining 3 percent due to actual price rises, the company added.Huntsman's polyol sales revenue increased by 14 percent, with average selling prices up by 12 percent and sales volumes 2 percent higher. PO sales revenues, however, fell 3 percent, due to the planned turnaround and inspection at the firm's Port Neches, Texas, facility, Huntsman said."

    Recommended for You
    Vita signs bed industry climate pledge
    Vita signs bed industry climate pledge
    huntsman castech 800
    Huntsman dosing system adds recycled filler to cast urethane
    UK competition authority raises concerns about Recticel–Carpenter deal
    UK competition authority raises concerns about Recticel–Carpenter deal
    Latest Issue
    April/May 2022 issue
    Click HERE for Free Download
    View All Archives
    Get our newsletters

    Breaking news and in-depth coverage of essential topics delivered straight to your inbox.

    Subscribe today

    Register to access our archive of leading information on the polyurethanes industry.

    Subscribe now
    Connect with Us
    • Twitter
    • LinkedIn
    • Facebook
    • Youtube

    Follow us on social media for the latest polyurethanes industry news and event updates.

    Logo
    Contact Us

    Crain Communications
    11, Ironmonger Lane
    London
    EC2V 8EY
    United Kingdom

    Editorial
    Phone +44 (0) 20 3287 5935
    Email click to send

    Customer Service
    Phone +1 313 446 0450
    Email click to send

    Resources
    • Advertise with Us
    • Media Kit
    • Staff
    • Careers
    • Ad Choices Ad Choices
    • Sitemap
    Legal
    • Terms and Conditions
    • Privacy Policy
    • Privacy Request
    Copyright © 1996-2022. Crain Communications, Inc. All Rights Reserved.
    • Ukraine
    • News
      • Asia
      • Americas
      • Europe
      • M & A
      • Financial results
      • Automotive
    • Data
    • Information
      • Country Overview
      • Market Sector overviews
      • Technical articles
      • Company profiles and strategies
    • Events
      • Exhibitions
      • Conferences
      • Webinars / Livestreams
      • Become a Speaker
      • UTECH Europe 2021
    • Advertise
    • Contact Us
    • Issues
    • Subscribe