Breaking News

Huntsman To Cut Workforce, Shutter Pigments Plant

November 30, -0001

Huntsman Corporation has announced a company-wide initiative to reduce costs across its divisions and functions, including further reduction in the number of full-time employees. Including steps taken during the fourth quarter of 2008, Huntsman will reduce its full-time employment by approximately 1175 positions by year’s end or approximately 9% of its employees. Full-time contractors will be reduced by an additional 490 positions. Together, these reductions will result in operating cost savings to the company of approximately $150 million.

Huntsman also announced that it will shutter its titanium dioxide plant in Grimsby, UK. The plant, which is the pigment division’s oldest and least efficient manufacturing facility, has an annual production capacity of 40,000 tons. Production will cease during the first quarter of 2009. Annual operating cost savings resulting from the plant’s closure would be approximately $28 million, according to Huntsman.

More info: www.huntsman.com
  • Patent Activity: Colgate-Palmolive

    Patent Activity: Colgate-Palmolive

    December 6, 2016
    New oral care compositions, the use of radish root ferment filtrate in a cleanser and more.

  • Sparkle & Shine

    Sparkle & Shine

    Melissa Meisel, Associate Editor||November 21, 2016
    Glam packaging and upscale scent combos are big at Yankee Candle for Holiday 2016.

  • Cos Bar: Turning 40 and Hitting Fast Forward

    Cos Bar: Turning 40 and Hitting Fast Forward

    Christine Esposito, Associate Editor||November 21, 2016
    With a recent investor infusion, a new CEO and rebranding effort underway, this luxury beauty retailer has big plans.

  • The World Comes to Orlando

    The World Comes to Orlando

    Tom Branna , Editorial Director||December 1, 2016
    More than 1,600 chemists traveled to Florida for the IFSCC Congress

  • The Plex  Phenomenon

    The Plex Phenomenon

    Denise Costrini, Croda North America||December 1, 2016
    Croda details the hair-protecting qualities of bond multipliers and the company’s new bond-building formulation system.