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The company attributed the increase to growing demand for key products, including textile dyes and chemicals and a specific kind of polyurethanes.
Huntsman Corp. plans a $125 million expansion of its Port Neches plant that will boost local production by 25 percent, employ 325 construction workers and make use of a refurbished production unit floated down the Neches River by barge from a shuttered Beaumont plant.
Chemical maker Huntsman Corp. will pay $1.1 billion in cash to buy two businesses from Rockwood Holdings that it said will make its pigments business more competitive.
Widening the rift over exports of U.S. natural gas, Huntsman Corp. has joined a coalition campaigning against more foreign sales of the fossil fuel. The move follows Dow Chemical’s decision to break ties with the National Association of Manufacturers over the dispute.