Huntsman says textile dyes unit needs to improve

Huntsman (HUN) is the biggest maker of textile dyes but CEO Peter Huntsman says the company will consider selling that business, among other options, unless profitability increases soon.

The textile effects unit needs to raise its return on net assets to at least 10% in a couple years, from about 2% now, the CEO says; the unit, which earned $16M in 2013 after two years of losses, needs to accelerate returns now that cost cuts are winding down.

Huntsman says Q1 and Q2 will be "very crucial" for the unit.

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