Huntsman's Wilton Plant at Risk Due to Energy Costs

Huntsmans UK Plant at Risk: Skyrocketing Energy Costs Threaten Aniline Production Huntsman, the American chemical company, is contemplating closing its Teesside plant due to escalating energy costs. The factory, employing around 100 workers, produces aniline, a crucial component for various products. Huntsman, led by Peter Huntsman, has faced a significant challenge with raw materials costing up to seven times more in the UK than overseas. The recent gas price surge, linked to Middle East conflicts, has exacerbated the situation. Huntsman has already implemented a one-hundred-million-dollar cost-cutting plan across Europe, closing seven sites and cutting six hundred jobs. If energy prices remain high, the company may shift aniline production to cheaper locations like China or the US, potentially closing the UK plant. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/4ba776c51fa1f7be