DuPont, Huntsman to Slash Capital Spending After Weak Prices, Strong Dollar Slam Third-Quarter 2015 Results

SUGAR LAND--October 28, 2015--Researched by Industrial Info Resources (Sugar Land, Texas)--A strengthening U.S. dollar weighed on the results for two global chemical giants, E.I. du Pont de Nemours and Company (NYSE:DD) (Du Pont) and Huntsman Corporation (NYSE:HUN) (The Woodlands, Texas), which also were hit by lower selling prices for their biggest products. Du Pont took a hit from continued weakness in the agricultural market and the ripple effects of last year's catastrophe at a Texas chemicals plant, and both companies plan to dramatically reduce capital spending to address their problems. Industrial Info is tracking $792.62 million in active projects involving Du Pont and $1.26 billion in active projects involving Huntsman.

Within this article: Details on Huntsman and Du Pont's quarter and projects, including the expansion of a polyester plant in North Carolina, the expansion of a soybean research facility in Delaware, and additions to a cancer research institute in Utah.

Other companies featured: Chemtura (NYSE:CHMT)