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Business
Huntsman Closes Plant Down Under
by Alexander H. Tullo
September 14, 2009
| A version of this story appeared in
Volume 87, Issue 37
Huntsman Corp. plans to close its Australian styrenics facility by early next year. The complex consists of styrene, polystyrene, and expandable-polystyrene plants. Huntsman will eliminate 200 staff positions and more than 125 outside contractors and will incur $25 million in costs, mostly severance packages, related to the closure. The facility, which had losses of about $24 million before taxes in 2008, wasn’t included in the 1998 sale of Huntsman’s styrenics business to Nova Chemicals.
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