Huntsman to reorganize epoxies division

Huntsman Corp. plans to restructure its advanced materials division, a leading producer of epoxy resins. The company is targeting $70 million in annualized cost savings from the reorganization. The program is scheduled to start during the first quarter of 2013 and is expected to be completed over the next 18 months. The reorganization will also see the business increase its focus on the aerospace, adhesives, high-performance coatings, power generation, green electronics, and large-scale engineering projects, as well as align resources to center on higher-growth...

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