Chemical Manufacturer Faces Unforeseen Circumstances

  • Huntsman declares force majeure on MDI supply from its Netherlands site
  • Reduced operations due to unforeseen circumstances
  • Total capacity of 470,000 metric tons/year affected
  • Company working to minimize impact and restore normal operations

U.S. chemical manufacturer Huntsman has declared force majeure on its methylene diphenyl diisocyanate (MDI) supply from its Rozenburg plant in the Netherlands, citing unforeseen circumstances that have led to reduced operations at the facility. The company operates two MDI units at the site near Rotterdam with a total capacity of 470,000 metric tons per year. Huntsman is working diligently to minimize the impact and restore normal operations as soon as possible.

Factuality Level: 9
Factuality Justification: The article provides accurate information about the force majeure declaration by Huntsman on its MDI supply from its Rozenburg plant in the Netherlands and explains the reason behind it. It also mentions the capacity of the two MDI units at the site and their importance in Huntsman’s global chemical production network. The article is written in a neutral tone without any personal perspective or exaggeration.
Noise Level: 2
Noise Justification: The article provides relevant information about a specific event in the chemical industry and its impact on production. It is concise and to the point without any unnecessary filler content or exaggeration.
Public Companies: Huntsman Corporation (HUN), Dow Jones & Company (N/A)
Key People: Fahima Mathé (Reporter), Rob Sheridan (Editor)

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Financial Relevance: Yes
Financial Markets Impacted: Chemical industry
Financial Rating Justification: The article discusses a force majeure declaration by Huntsman, a chemical manufacturer, impacting its MDI supply from its Dutch plant. This event can potentially affect the production of polyurethane products and may have financial implications for the company and related industries.
Presence Of Extreme Event: Yes
Nature Of Extreme Event: Major Accident
Impact Rating Of The Extreme Event: Minor
Extreme Rating Justification: Huntsman declared force majeure on its MDI supply from the Rozenburg plant due to unforeseen circumstances and reduced operations at the facility. The exact impact of this event is not yet clear, but it affects a key part of their global chemical production network.
Move Size: No market move size mentioned.

Reported publicly: www.marketwatch.com