The Woodlands, Texas – Huntsman’s adjusted EBITDA (earnings before interest, taxes, depreciation and amortisation) was reported as $356m (EUR280m) in Q3 2014 compared to $376m in Q3 2013.
President and ceo Peter Huntsman said an unplanned disruption of PO/MTBE impacted the EBITDA by around $30m. Previously, the company estimated the financial impact of the disruption at Port Neches would amount to $10m, as UTECH-polyurethane.com reported at the time.
The polyurethanes division, however, continued to see growing demand for products including MDI, he said.
“MDI sales volumes increased 5% primarily as a result of improved demand in the Americas and Asian regions and across most major markets,” he added.
Revenue in the division increased by 1.1% to $1.3bn. The segment’s adjusted EBITDA was reported as $187m – 13% lower than the $215m reported at the close of Q3 2013.
Huntsman said the average selling price for MDI increased in the Americas and Europe, partially offset by lower component pricing in China. Meanwhile, he said PO/MTBE average selling prices were essentially unchanged.
XE Currency conversion: 27 October, 2014
