SOURCE: Industrial Info Resources

November 11, 2008 07:30 ET

Huntsman Posts $20.2 Million Loss for 3Q; Continues Pursuit to See Hexion Merger Completed This Year, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - November 11, 2008) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Huntsman Corporation (NYSE:HUN) (The Woodlands, Texas), a leading global manufacturer of chemicals, has posted a third-quarter net loss of $20.2 million, compared with a net loss of $150 million in the same period last year. Capital expenditures totaled $101 million in the quarter, and the company plans to spend between $440 million and $450 million this year, said J. Kimo Esplin, Executive Vice President and Chief Financial Officer. As part of our North American Project Database, Industrial Info is currently tracking active Huntsman project activity exceeding $250 million with projects ranging in size from $5 million to more than $100 million.

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