Huntsman Corporation Announces $75 Million Non-Cash Impairment Due to Closure of German Facility

Reuters
28 May
Huntsman Corporation Announces $75 Million Non-Cash Impairment Due to Closure of German Facility

Huntsman Corporation has announced the closure of its Maleic Anhydride facility in Moers, Germany, following a strategic review of its European operations. This decision comes after the European Maleic Anhydride business reported an adjusted EBITDA loss of approximately $10 million in 2024. Huntsman plans to continue serving its European customers from its North American facilities in Pensacola, Florida, and Geismar, Louisiana. As a result of the facility's closure, the company expects to incur a one-time non-cash asset impairment charge of about $75 million in the second quarter of 2025.

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