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SMT & Inspection | February 28, 2006

Tough Q4 for chemical products giant

One of the world's largest suppliers of chemical products, Huntsman, reported fourth quarter net loss of $61million.
This year's Q4 result is a huge increase compared to the Q4 result one year ago when the net loss where $1.2 million. However the company's sales rose 13.4% to $12.96 billion in 2005.

"We are optimistic about our outlook for 2006. Demand in our differentiated businesses remains strong, raw material and energy prices have recently declined, and capacity additions in most of our commodity businesses appear to be limited over the next several years. However, we expect that the margin weakness that we experienced in the latter half of 2005 in our European petrochemicals business to continue into early 2006", president and CEO Peter R. Huntsman told Circuits Assembly.

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