Huntsman(HUN) Prnewswire·2025-05-28 09:00Core Viewpoint - Huntsman Corporation has completed a strategic review of its European Maleic Anhydride business, leading to the closure of its facility in Moers, Germany, by the end of the current quarter [1]. Group 1: Business Operations - The closure of the Moers facility is expected to result in a one-time non-cash asset impairment charge of approximately $75 million during the second quarter of 2025 [1]. - In 2024, the European Maleic Anhydride business reported an adjusted EBITDA loss of around $10 million [1]. - Post-closure, Huntsman plans to serve European customers from its North American facilities located in Pensacola, Florida, and Geismar, Louisiana [1]. Group 2: Company Overview - Huntsman Corporation is a global manufacturer and marketer of differentiated and specialty chemicals, with revenues of approximately $6 billion in 2024 [2]. - The company operates over 60 manufacturing, R&D, and operations facilities across approximately 25 countries, employing around 6,300 associates [2].