- Huntsman (NYSE:HUN) says it plans to close its 25K metric ton South African titanium dioxide manufacturing facility during Q4, citing margins that remain well below historical norms.
- HUN says closing the facility will have a cash payback of less than two years, and cost savings are in addition to ~$200M previously announced.
- HUN says the closure increases the competitive positioning of its Pigments and Additives business as it prepares to separate the business through a spinoff to its shareholders or other strategic transaction.