huntsman press release

makin' whoopee - youtubepatriots news update

Our power business, largely going into power grid infrastructure was least impacted with volumes down approximately 2%. Entry into Australia will further diversify Indorama’s geographic presence. As we look at quarter 3, improving trends quarter-over-quarter, most of our industrial markets will be more than offset by the continued challenges in our aerospace market. Looks like Covestro's pushed back some projects and IHS is now showing some longwall projects also pushed back. So that and as we explained on our last call, that inexpensive benzene that we purchased in the second quarter would flow through our economics in the third quarter. It makes up mid-teens of our entire business here. While both are still meaningfully down year-over-year, within auto, we see a bit quicker recovery within the Americas over Europe. Join us and be the part of our growth story.Offering a wide range of petrochemicals products, the group of products are Feedstock, PET, Packaging, Fibers and Recycled products.Indorama Ventures is a world-class chemicals company with a global integrated leader in PET and fibers serving major customers in diversified end-use markets.The transaction is funded by IVL’s internal cash flows and debt financing only and does not necessitate any equity dilution.The acquisition will provide unprecedented entry into global niche markets and industries serving consumer’s daily needs with a sustained growth rate of ~5%. As covered by Peter, volumes were sharply down year-over-year. Despite having a modest positive EBITDA for the quarter, we still managed to generate a positive free cash flow. And I think there'll be some gradual growth that will be taking place there. So that's a slug of cash that we'll probably use to reduce the gross debt that we have. It is a remarkable eco-friendly product, especially when integrated with our TEROL polyols business, wherein we take the equivalent of one billion used PET bottles, otherwise wasted as feedstock and produce a polyester polyol that is blended with our MDI to produce the best insulation in the world. While I'm disappointed to see the effect that this pandemic is having on the aerospace business, I like the pipeline of product and innovation that we will capitalize on with regards to energy conservation throughout Asia in the textile industry, across Europe with the green deal economic stimulus program and in North America with insulation and renewable energy. So I but I just frankly don't know what plans they would have or what plans they have at the present time.Yes. Our Polyurethanes adjusted EBITDA was negative in April, slightly positive in May, and greater than $20 million in June as mostly construction-related markets recovered better than we had anticipated in the Americas, largely led by our spray polyurethane foam insulation business. But clearly, as I alluded to in my script, the lion's share of that entire margin variance does come from Polyurethanes, and it does come from that polymeric end of the equation, that kind of 1/3 portion of the business that we sell that has much more less resilience in terms of pricing in the downstream. I don't think it's going to be next month.

So that's why I come up with $100 million. We also saw continued pressures on polymeric MDI margins, which largely account for the decrease in variable margins year-over-year. During this call, we may make statements about our projections or expectations for the future. Our high-margin DIY business, largely in India, was also significantly impacted due to the extensive lockdown in the country of India. These synergy benefits will further boost EBITDA contribution by US$ 40M by 2021.

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huntsman press release