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Huntsman's third-quarter operating income was $1.51 billion

 Last Update: 2022-08-25
 Source: Internet
 Author: User

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On October 29, Huntsman Group disclosed its results for the first three quarters of 2020

Huntsman Chairman, President and Chief Executive Officer Peter R.
Huntsman commented: The third quarter was better than we expected, with improvements in almost all of our businesses except commercial aircraft, even as the international community still faces the coronavirus major challenges, but crises and opportunities still coexist

Just recently, Huntsman announced that the company has entered into a definitive agreement to sell its DIY consumer adhesives business in India to Pidilite Industries Ltd.
for up to $285 million, excluding regular working capital and other adjust

Year-on-year analysis of the performance of each department

Polyurethane Division

Compared with the same period in 2019, in the third quarter of 2020, the revenue of the polyurethane business unit decreased year-on-year, mainly due to the decrease in the average selling price of MDI polyurethane

High Performance Products Division

Revenue in the Functional Products segment declined year-over-year during the quarter, primarily due to lower volumes and lower average selling prices

Advanced Materials Division

In the third quarter, revenue in the Advanced Materials segment declined year-over-year due to lower volumes and lower average selling prices

Textile dyeing department

In the third quarter, revenue in the Textile Dyeing and Chemicals division decreased year-over-year due to lower sales volumes and lower average product selling prices

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