Skip to main content
Sister Publication Links
  • European Rubber Journal
  • Plastics News
web
Subscribe
  • Login
  • Register
  • Subscribe
  • News
    • International Elastomer Show
    • Automotive
    • Tire
    • Non-Tire
    • Suppliers
    • Executive Action
    • Government/Legal
    • ITEC
    • Opinion
    • Technical Notebooks
    • HEXPOL Sponsored Content
    • Starting young: Rubber Division targets high schools to fill talent gap
      ChemSpec enjoying busy 2019 with new agreements, division
      view gallery
      18 photos
      Rubber Division honors leaders, students at Business and Awards Meeting
      view gallery
      9 photos
      Rubber Division wraps up 2019 International Elastomer Conference
    • How General Motors puts batteries through their paces
      As e-commerce grows, companies seek best ways to get products to customers
      ContiTech acquires CRP's belt kits program
      Firestone air spring looks to lighten the load in China
    • Cooper recalls U.K.-made Avon motorcycle tires
      Continental app helps farmers calculate ag tire pressure, load
      GRI acquires Australia specialty tire distributor AXIS Tyres
      Marangoni teams with Edler Reifen to expand retread presence in Austria
    • John Grasmeyer focuses on education for NIBA
      Avon marks 2019 as 'transformational' year
      Polyhose to build $7.9 million warehouse, fabrication site in N.C.
      Amsted acquires Clark Seals Ningbo facility
    • TPC plant explosion's impact on butadiene market still being assessed
      Monolith appoints chief technology officer
      Delta-Energy Group selects new CEO
      Natural rubber producers considering export cuts
    • Monolith appoints chief technology officer
      Delta-Energy Group selects new CEO
      John Grasmeyer focuses on education for NIBA
      Steelastic names new president
    • As tool makers press to bring back tariffs, other manufacturers push back
      AMBA files formal request to bring back tariffs on Chinese molds
      Auto parts makers pay $23 million to settle price fixing case
      USTMA aims to raise scrap tire recovery rate
    • Goodyear finds traction with soybean oil
      Cassioli expands with sales office in Alabama
      Rodolfo Comerio looks forward as it celebrates past
      Tire Industry Project launches platform for sustainable natural rubber
    • Column: Lessons from Best Places to Work
      Editorial: Cooper Standard a sign of changing automotive times
      Editorial: Hose industry makes big strides in safety focus
      Column: Meeting new faces at Rubber Expo
    • SSBR, bio-sourced plasticizer for conveyor belt use
      EPDM solution for automotive dense weatherstrip
      High heat resistant EPDMs for auto hose uses
      Rubber standards in today’s world economy
    • Sponsor Content
      Rubber in Transportation and Tire
      Sponsor Content
      Rubber in Wire and Cable
      Sponsor Content
      Process Control Systems Ensure Consistency and Lot Traceability While Protecting Proprietary Formulations
      Sponsor Content
      Reasons for Using Performance Additives
  • Blogs
    • Products
    • Wacky World of Rubber
    • New Products: Master Bond rolls out thermally conductive epoxy sealant
      New Products: Lanxess introduces vulcanization accelerator
      Covestro's CO2 technology earns Germany's President's prize
      New Products: LSR 3D printing technology spotlighted at K Show
    • Wacky World of Rubber: Floating ideas for the future of mobility
      Wacky World of Rubber: Goodyear, rubber industry make parade part of Thanksgiving traditions
      Wacky World of Rubber: How to make your own Halloween mask
      Wacky World of Rubber: 'Ode to a Tire'
  • Newsletters
    • Rubber in Automotive
    • Silicone News
    • Latex News
    • Sign Up for Newsletters
    • How General Motors puts batteries through their paces
      As e-commerce grows, companies seek best ways to get products to customers
      ContiTech acquires CRP's belt kits program
      Firestone air spring looks to lighten the load in China
    • Starting young: Rubber Division targets high schools to fill talent gap
      Column: Lessons from Best Places to Work
      New Products: LSR 3D printing technology spotlighted at K Show
      Rubber parts makers invest in Central, Eastern Europe
    • Starting young: Rubber Division targets high schools to fill talent gap
      Kent Elastomer promotes two
      Corrie MacColl details landmark collaboration in Cameroon
      Natural rubber producers signal decline in production
  • Multimedia
    • Videos
    • Photo Galleries
  • Directory
  • Resources
    • Classifieds & Mold Mart
    • Data Store
    • Digital Issue
    • White Papers
  • Events
    • RPN Conferences
    • RPN Live
    • Events Calendar
    • Submit an Event
    • Webinars
    • Past Events
  • Advertise
MENU
Breadcrumb
  1. Home
  2. News
February 24, 2014 01:00 AM

Huntsman talks MDI, targets Asia for growth

Urethanes Technology International
  • Tweet
  • Share
  • Share
  • Email
  • More
    Print

    THE WOODLANDS, Texas—Peter Huntsman, president and CEO of Huntsman Corp., pinpointed Asia as the location for the "next wave" of methylene diphenyl diisocyanate capacity but warned that markets would tighten before the additional capacity arrived.

    "As we look at the capacity utilization going into the next year, we continue to believe that capacity utilization will tighten throughout 2014 and 2015 it's not until 2016 that you start to see some of the Asian wave of new capacity coming on," Huntsman said. "Assuming everything gets dealt with and assuming it all comes on time you will see global capacity rates go down to about 89 percent utilization rate in 2017."

    Kimo Esplin, executive vice president and chief financial officer. said if all MDI capacity arrived as announced, utilization rates would be the same in 2016 and 2017 as they are today.

    Huntsman told analysts that January had brought a 16 percent hike in the cost of benzene which was likely to continue as the year progressed. He said a $1 increase in benzene price would generate about an 8 cent increase per pound in MDI to offset the cost.

    Huntsman said the firm experienced favorable earnings in its MDI urethanes business in the fourth quarter of 2013. The company's polyurethanes division reported adjusted earnings before tax as $173 million during the fourth quarter of 2013—a 4 percent growth on the same period in 2012.

    The firm said it continues to see strong demand for MDI and revenue from the material increased 9 percent. The company's sales volume grew 7 percent during the fourth quarter.

    Performance products and pigments both saw attractive growth of 2 percent and 3 percent led primarily by increased sales volumes, Huntsman said.

    Related Articles
    Huntsman buys Canadian polyurethanes systems house site
    Huntsman names Alliance Polymers PU distributor
    Huntsman to expand PU business in China
    Huntsman to offer bonds to raise cash for loan fees
    Huntsman reports first quarter rise in net income
    Letter
    to the
    Editor

    Rubber & Plastics News wants to hear from its readers. If you want to express your opinion on a story or issue, email your letter to Editor Bruce Meyer at [email protected].

    SIGN UP FOR FREE NEWSLETTERS
    EMAIL ADDRESS

    Please enter a valid email address.

    Please enter your email address.

    Please select at least one newsletter to subscribe.

    Get our newsletters

    Staying current is easy with Rubber & Plastics News delivered straight to your inbox, free of charge.

    Subscribe Today

    Subscribe to Rubber & Plastics News to get the best coverage and leading insights in the industry.

    SUBSCRIBE
    Connect with Us
    • LinkedIn
    • Facebook
    • Twitter

    MISSION

    To serve companies in the global rubber product industry by delivering news, industry insights, opinions and technical information.

    web
    Contact Us

    2291 Riverfront Pkwy, Suite 1000
    Cuyahoga Falls,
    OH 44221

    Customer Service:
    877-320-1726

    Resources
    • About Us
    • Digital Edition
    • Contact the Staff
    • Advertise
    • Order Reprints
    • Privacy Policy
    • Terms of Service
    • Ad Choices Ad Choices
    • Sitemap
    Partner Sites
    • Tire Business
    • European Rubber Journal
    • Plastics News
    • Plastics News Europe
    • Plastics News China
    • Plastics & Rubber World
    • LSR World
    • Urethanes Technology
    • Automotive News
    • Autoweek
    • Crain Brands
    Copyright © 1996-2019. Crain Communications, Inc. All Rights Reserved.
    • News
      • International Elastomer Show
      • Automotive
      • Tire
      • Non-Tire
      • Suppliers
      • Executive Action
      • Government/Legal
      • ITEC
      • Opinion
      • Technical Notebooks
      • HEXPOL Sponsored Content
    • Blogs
      • Products
      • Wacky World of Rubber
    • Newsletters
      • Rubber in Automotive
      • Silicone News
      • Latex News
      • Sign Up for Newsletters
    • Multimedia
      • Videos
      • Photo Galleries
    • Directory
    • Resources
      • Classifieds & Mold Mart
      • Data Store
      • Digital Issue
      • White Papers
    • Events
      • RPN Conferences
      • RPN Live
      • Events Calendar
      • Submit an Event
      • Webinars
      • Past Events
    • Advertise