"We do not expect global economic activity to change substantially from the current levels through the remainder of the third quarter. We will continue to control our costs, focus on cash flow, and drive stronger sales volumes compared to 2023 with higher overall utilization rates," said Peter R. Huntsman, Chairman, President, and CEO.
“The company made a number of strategic investments over the past five years that are showing impressive results, including the acquisition of Tex-Cote, ProPolymer, and Epoxytec," said Chase Bean, President and CEO.
"With the solid second quarter performance and better visibility into the second half of the year, we are raising our full year 2024 guidance,”
said Chris Villavarayan, CEO and President.
The Great Supply Chain Crisis of 2021-2022 acted as a very loud and exceptionally clear wakeup call for all participants within the specialty chemicals value chain. As we move forward, everything needs to be re-examined in the light of the crisis.
"The pace of the global macroeconomic recovery has been slower than expected. We remain focused on working capital, reducing costs, and matching our operating rates to current demand," said Jim Fitterling, Chair and Chief Executive Officer.
“We saw a continuation of the dynamics of the first quarter, marked by positive volume momentum across most of our businesses. There was still pressure on prices,” said Dr. Markus Kamieth, Chairman of the Board of Executive Directors of BASF SE.