30 April 2013 18:24 [Source: ICIS news]
HOUSTON (ICIS)--US-based Huntsman is considering options for its titanium dioxide (TiO2) business, the company's chief executive said on Tuesday.
"We believe that there is room for consolidation, for a company to take advantage of synergies and so forth that can come about through this consolidation," CEO Peter Huntsman said during an earnings conference call. "Frankly, we continue to work towards being part of an objective that is going to create value longer term for Huntsman."
The company is exploring various options that could benefit the overall business, Huntsman said.
He did not elaborate on what those options could be.
Huntsman has 430,000 tonnes/year of TiO2 capacity in Europe and South Africa; and 60,000 tonnes/year in Malaysia.
Huntsman and Kronos belong to a 50:50 joint venture that operates a TiO2 plant in Louisiana. Huntsman's share of the plant's capacity is 75,000 tonnes/year.
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