SOURCE: Industrial Info Resources

Industrial Info Resources

February 22, 2010 05:15 ET

Huntsman Optimistic for 2010, Despite Big Drops in Fourth-Quarter and Full-Year 2009, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - February 22, 2010) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Chemicals company Huntsman Corporation (NYSE:HUN) (The Woodlands, Texas) reported a steep drop in earnings for fourth-quarter and full-year 2009. Net income for the fourth quarter was $66 million, an 89% decline year-over-year, and $114 million for the full year, an 81.3% decline from 2008. Industrial Info is tracking Huntsman Corporation projects worth more than $200 million, many of which involve upgrades, additions and equipment replacements at operating plants.

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