>>
Home / Knowledge / News / Textiles / Huntsman posts stable results in Q3

Huntsman posts stable results in Q3

07
Nov '08
Revenues from continuing operations for the three months ended September 30, 2008 increased to $2,730.5 million from $2,423.8 million during the same period in 2007. Revenues increased in all of our segments primarily due to higher average selling prices, while sales volumes were higher in Polyurethanes.

For the three months ended September 30, 2008, EBITDA was $165.0 million as compared to $7.9 million in the same period in 2007. Adjusted EBITDA from continuing operations for the three months ended September 30, 2008 was $193.9 million (including the negative affect of approximately $49 million of costs and lost profit margins) as compared to $240.2 million for the same period in 2007.

Polyurethanes:
The increase in revenues in the Polyurethanes segment for the three months ended September 30, 2008 compared to the same period in 2007 was due to higher average selling prices and higher sales volumes. MDI average selling prices increased 6% primarily due to global price increase initiatives and in Europe primarily due to the strength of foreign currencies versus the U.S. dollar.

MDI sales volumes decreased 2%, as growth in Europe was strong but more than offset by lower volumes in the U.S. due to Hurricanes Gustav and Ike and lower volumes in Asia following government imposed restrictions in China. PO and co-product MTBE average selling prices increased primarily due to improved market demand and higher raw material costs, while sales volumes decreased due to the effect of Hurricanes Gustav and Ike.

The decrease in EBITDA in the Polyurethanes segment was primarily the result of the impact of Hurricanes Gustav and Ike, higher raw material costs and energy costs. In urethanes, higher MDI selling prices were more than offset by higher costs for raw materials such as benzene, natural gas, propylene, ammonia and caustic soda as well as increased fixed manufacturing and selling, general and administrative costs due primarily to the strength of the Euro versus the U.S. dollar.

PO and co-product MTBE margins decreased primarily due to the impact of Hurricanes Gustav and Ike, which more than offset higher average selling prices. We estimate the financial impact including unabsorbed costs, repairs and lost profit margin of Hurricanes Gustav and Ike to be approximately $39 million in the third quarter of 2008 in our Polyurethanes division.

Materials and Effects:
The increase in revenues in the Materials and Effects segment for the three months ended September 30, 2008 compared to the same period in 2007 was primarily due to higher average selling prices. Average selling prices increased by 13% as average selling prices increased in both advanced materials and textile effects due to the strength of major European currencies versus the U.S. dollar and price increase initiatives in certain markets and regions.

Total sales volumes decreased 9%, advanced materials sales volumes decreased by 4% primarily as a result of lower demand in Europe, textile effects sales volumes decreased by 18% primarily as the result of lower demand for dyes and chemicals in all regions. The advanced materials business contributed $385.4 million in revenues for the three months ended September 30, 2008, while the textile effects business contributed $228.6 million in revenues for the same period.


Must ReadView All

Pic: U.S. Senator Kirsten Gillibrand

Textiles | On 17th May 2022

FABRIC Act introduced in US Senate, to protect 100,000 garment workers

Senator Kirsten Gillibrand recently announced the introduction of her ...

Pic: Shutterstock

Textiles | On 17th May 2022

US-EU TTC finalises economic, tech policies, initiatives at Paris meet

The US-EU Trade and Technology Council, in its second ministerial...

Pic: Shutterstock

Textiles | On 17th May 2022

Global fiscal recovery to slow in 2022 & 2023: Fitch Ratings

Global fiscal recovery in 2021 that followed the COVID-19 shock of...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Donating 20,000 N95 masks to hospitals & NGOs

Textile Industry, Head honchos

Textile Industry
Head honchos

Instagram & fashion will go a long way together

Textile Industry, Head honchos

Textile Industry
Head honchos

Uniform designing is a numbers game

Hannes Schoenegger,

Hannes Schoenegger

Bananatex is the world’s first durable, technical fabric made purely from...

Mohammad Ali Khokon,

Mohammad Ali Khokon

<div>The Bangladesh Textile Mills Association (BTMA) is the national trade ...

Juan Pares Boj,

Juan Pares Boj

Textil Santanderina is a cutting-edge textile company located in...

Johann-Philipp Dilo, Dilo Group

Johann-Philipp Dilo
Dilo Group

German company Dilo Group is one of the leading equipment suppliers of...

Sven Ghyselinck, Devan Chemical

Sven Ghyselinck
Devan Chemical

Headquartered in Belgium and with offices in the United Kingdom, Portugal...

Sanjay Raut, Garware Technical Fibres Ltd

Sanjay Raut
Garware Technical Fibres Ltd

Garware Technical Fibres Ltd (formerly Garware-Wall Ropes Ltd) is a...

Kamal Khushlani, Mufti

Kamal Khushlani
Mufti

Based out of Mumbai, Mufti is a men’s clothing fashion brand. In an...

Anjali Bhaskar, Samatvam

Anjali Bhaskar
Samatvam

Samatvam, a womenswear brand that blends age-old craftsmanship with modern ...

Meghana Goyal, Label - Summer Somewhere

Meghana Goyal
Label - Summer Somewhere

Summer Somewhere is a conscious clothing brand designed for every girl in...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments

ESTEEMED CLIENTS

Zydex Industries
John Varvatos
GIOVANNI BOZZETTO S.p.A.
GHCL LIMITED
Decathlon
Kern – Liebers Textile
Page Industries Limited (Bangalore)
KIABI
BTSR International S.P.A.
K AND D ITMACH EXPOSITIONS LLP
Marzoli Machines Textile s.r.l.
Dow Silicones Corporation
Zünd Systemtechnik AG
Permoda(Koaj/Armi/Pronto/Bkul)
Alison Hayes Romania
Eurofins BLC Leather Technology Centre Ltd
Hirdaramani International Export Private Limited
Istanbul Fuarcilik A.S.
THE BOMBAY DYEING ;& MFG.CO. LTD
Cat Tuong Real Estate Group Joint Stock Company
Splash
Nandan Denim Limited
Bluesign Technologies Ag
Amazon China
TESCO INTERNATIONAL SOURCING LIMITED
Shima Seiki Mfg. Ltd.
Sainsbury's Argos Asia Limited
Huntsman (Singapore) Pte Ltd
The LYCRA Company Singapore  Pte. Ltd
BIANCA
Messe Frankfurt Exhibition GmbH
Eastman Chemical Company
BIMBA ;& LOLA SL
Walmart
Pt. Peraga Nusantara Jaya Sakti
Sateri (Jiujiang) Fiber Co.,Ltd
Vardhman Textile Ltd
China World International Exhibition Company Limited
Infor (Hong Kong) Limited
Applied DNA Sciences Inc
Mayer & Cie. GmbH & Co. KG
Esprit Europe Services GmbH
APLF Limited
Savio Macchine Tessili S.P.A.
Mesdan SPA
Meera Dyestuff Industries
Truetzschler India Private Limited
Tuyap Tum Fuarcilik Yapim A.S.
HYOSUNG CORPORATION INDIA PRIVATE LIMITED
H;&M Hennes ;& Mauritz (Far East) Ltd
IKEA of Sweden AB
C;&A Sourcing International Ltd
Copenhagen Fashion Summit
Brandix Lanka Limited
Officina Meccanica Dora Enrico Srl
Puma
EUROVET ASIA LTD
OVS Hong Kong Sourcing Ltd.
ZAITEX spa
JES MEDIA, INC
Lenzing Aktiengesellschaft - India
Lottmann Communications
IFF Media Ag - International Media Services
Equinox Impex India
Midas Clothing Limited
J ;& P Coats
Taiwan Textile Federation (TTF)
VNU Exhibitions Asia
Lectra Technologies India Pvt Ltd.
CSGIA(China Screen Printing & Graphic Imaging Association)
International Textile Manufacturers Federation
Aquarelle Clothing Limited
KAS Direct Sourcing
Bluestem Global Sourcing Limited
Performance Days
Stahl Holdings B.V.,
SUZHOU TUE HI-TECH NONWOVEN MACHINERY CO.,LTD
DuPont de Nemours, Inc.,
Calvin Klein
Hela Clothing Pvt Ltd
PVH Corporation
Chico’ FAS
Indofil Industries Limited - Specialty & Performance Chemicals Division
MAS Active / MAS Kreeda / MAS Bodyline
Grasim Industries Limited
BTC Textiles LLC
Rieter India Private Limited
Centric Software
Lacoste (Wanchai)
Karl Mayer Textilmaschinenfabrik GmbH
Abit
CGS Inc.
Lisa S.P.A.
Varner AS Retail
Gokaldas Exports Limited
IDH – The Sustainable Trade Initiative
Indo Tex
Xtema - Thomas Lebherz Textilmaschinen
Itema Weaving (India) Private Limited
Gap International Sourcing Limited
Thai Acrylic Fibre Company Limited
SHAHI Exports Pvt Ltd
TESTEX AG, Swiss Textile Testing Institute
Sportmaster Ltd.
FESPA (Reigate)
Groz-Beckert KG
Target Corporation (MN)
Rayonese Textile Inc., Division de Culp Inc.
Desigual - ABASIC, S.A.
GERBER TECHNOLOGY LTD.
Newtech Textile Technology Development (Shanghai) Company Limited
Recron Polyester from Reliance Industries Limited
Aramark Uniform ;& Career Apparel, LLC
Alix Partners
IIGM Private Limited
NITI Aayog
Gatsby Africa
Comasia Limited
Landmark Group
Palexpo SA
Tradewind International Servicing
Saurer Textile Solutions Pvt. Ltd.
Lifestyle
Colours India Inc
Thai Trade Center
Helly Hansen Far East Ltd
G.A.S. unternehmenskommunikation gmbh
USTER
DyStar India Pvt. Ltd
Maceton Limited
Rosset ;& Cia Limited
Groz-Beckert East Asia LLP
Brückner Trockentechnik GmbH & Co. KG
Boardriders Asia Sourcing Limited
EPCH
Datatex Consulting Srl
LC Waikiki
Restoque S.A.
Under Armour Global Sourcing Ltd
H. Stoll AG & Company KG
Italian Trade Commission
EMBEE CORPORATION
X-Rite Asia Pacific Limited (HK)
Aleph Srl
Tory Burch Hong Kong Ltd
Thermore (Far East) Ltd.
FULGAR SpA
Lenzing Aktiengesellschaft
The Top Form Brassiere Manufacturing Company Limited
N9 World Technologies Private Limited
BRINKMANN GMBH
Woolmark Services India Pvt. Ltd.
Shanghai  Aige Exhibition Service Co., Ltd
Guess Europe Sagl,
Weitmann & Konrad GmbH & Co. KG
Color Service s.r.l.
Reiter India Private Limited
Messe Duesseldorf
Tchibo GmbH
Flainox S.r.l.
BIRLA CENTURY A DIVISION OF CENTURY TEXTILES AND INDUSTRIES
Inter Expo Center Ltd.
Vianney Textil Hogar S.A. De C.V.
Nihalani Events Management
Jiangsu Yingyang Nonwoven Machinery Company Limited
Phong Phu international JSC (PPJ)
Gloria Jeans
The LYCRA Company Singapore  Pte. Ltd
Asos
Chori Company Limited
Datacolor AG Europe
Coats Digital Limited
Green Fibre
NV Michel Van de Wiele
Jindal Worldwide Limited
UBM China (Shanghai)
SYNERGIES HONG KONG LIMITED
COTTON COUNCIL INTERNATIONAL
G-Star Raw C.V.
Arvind Limited
Haelixa AG
Etam Group Strategy Hong Kong Limited
Loris Bellini S.r.l.
Benetton Group
ITMA Services Pte Ltd
T.T. Limited
TÜYAP IHTISAS FUARLARI A.S.
Babyshop
TEXVALLEY MARKET LIMITED
Deckers Outdoor (Guangzhou) Consultant Co., LTD.
Recron Polyester from Reliance Industries Limited
Lululemon Athletica Inc
Kornit Digital Asia Pacific Ltd
International Sourcing Expo Australia
Seasalt Limited
Tommy Hilfiger
Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)
Sportswear Company Spa

May 2022

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search