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Huntsman to Close Styrenics Operations in Australia

10:19 PM MDT | September 8, 2009 | Deepti Ramesh

Huntsman says it has completed an internal review of the styrenics operations owned by Huntsman Chemical Company Australia (West Footscray, Australia), and has decided to close the facility. The company expects to stop operation of the West Footscray styrene plant by the end of 2009, and to subsequently close its polystyrene and expandable polystyrene plants in early 2010. The styrenics operations had posted an adjusted Ebitda loss of almost $24 million for 2008, based on an operating loss of about $29 million less impairment charges for the year of $5 million...

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