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The Performance Products division of Huntsman Corp. recently announced plans to refocus its surfactants business in Europe. The company reportedly plans to transition away from a number of surfactant assets and product lines that have commoditized, and to focus on developing and growing the remaining differentiated surfactants business in Huntsman’s strategic markets.
“We expect the restructuring to be complete by the end of 2014,” said Stu Monteith, president of the Performance Products division. “It will result in a European surfactants business more closely aligned to our chosen markets and more integrated with the rest of the division’s business processes and chemistries.”
About 250 Huntsman Performance Products European positions could reportedly be affected by these changes during the next 18 months.
For more information, visit www.huntsman.com.