Huntsman Sees Margins Improving As Cost Of Raw Materials Decrease - Quick Facts

(RTTNews) - Huntsman Corp. (HUN) President and Chief Executive Officer Peter Huntsman issued a statement today in response to inquiries regarding the business impact of lower priced oil.

"In an environment where oil prices are sustainably low, Huntsman Corporation will emphatically be a beneficiary over the long term. Many of our raw materials are derived from the oil refining process," Huntsman said.

The company said it expects margins to improve as the cost of raw materials decrease. It also expects a meaningful working capital release which will help strengthen its balance sheet. Lower priced oil should provide more discretionary spending for consumers.

"We have a number of growth projects underway; I expect our business to improve throughout 2015," Huntsman added.