THE WOODLANDS, Texas—MDI levels look set to stay tight well into this year, according to senior Huntsman Corp. executives who were speaking to analysts. The company's new splitter, due on stream in the second half of the fiscal year, is sold out before it starts operation.
CEO Peter Huntsman told the meeting that profitability not capacity is his company's aim.
"The MDI industry will be growing at 5 or 6 percent globally, I don't have a problem with us being essentially sold out," he said. "We have plenty of MDI, I think, in the world. Huntsman needs to have better MDI, better margins, low costs and be able to take a great business and make it even better."