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Huntsman to restructure surfactants in Europe

8:34 AM MDT | October 4, 2013

Huntsman says it plans to refocus its surfactants business in Europe. The company intends to move away from surfactant assets that have become commoditized and focus on developing its differentiated surfactants business in key markets. About 250 jobs in the company’s performance products division could potentially be affected by the changes during the next 18 months, Huntsman says. The company expects the annualized Ebitda benefit of the changes to be about $20 million. “We expect the restructuring to be complete by end-2014,” says Stu Monteith...

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