Huntsman to Close German Facility, Shift European Supply to North America

Huntsman Corporation will close its Maleic Anhydride facility in Moers, Germany, by the end of Q2 2025, shifting European supply to North America. The decision is expected to result in a one-time non-cash asset impairment charge of ~$75 million. The closure will allow Huntsman to serve European customers from its existing North American facilities in Pensacola, Florida, and Geismar, Louisiana.

Huntsman Corporation, a leading global chemical company, has announced its decision to shut down its maleic anhydride production facility in Moers, Germany, by the end of Q2 2025. This move is part of the company's broader strategy to shift European supply to its existing North American facilities in Pensacola, Florida, and Geismar, Louisiana.

The closure of the Moers plant is expected to result in a one-time non-cash asset impairment charge of approximately $75 million. Huntsman expects this decision to streamline its operations and enhance its competitive position in the global chemical market.

Huntsman's decision to close the Moers facility follows a series of similar announcements by other major chemical companies, including Ineos, BASF, and Dow, which have been scaling back their European operations due to high production costs and regulatory pressures [1][2][3][4].

The company's shift in supply strategy is aimed at addressing the challenges posed by the deteriorating economic climate and the increasing regulatory scrutiny in the European chemical industry. Huntsman's focus on North American facilities is also driven by the region's more favorable economic conditions and regulatory environment.

The closure of the Moers plant will allow Huntsman to better serve its European customers from its existing North American facilities. This strategic move is expected to improve the company's operational efficiency and reduce costs, ultimately enhancing its financial performance.

Huntsman's decision to close the Moers facility underscores the ongoing challenges and opportunities in the global chemical industry. As companies continue to navigate the complexities of the market, strategic decisions such as this one will play a critical role in shaping their future.

References:

[1] https://www.industrylinqs.com/category/chemicals/
[2] https://www.industrylinqs.com/category/chemicals/
[3] https://www.industrylinqs.com/category/chemicals/
[4] https://www.industrylinqs.com/category/chemicals/