News
THE WOODLANDS, TX – Chemical maker Huntsman Corp. said fourth-quarter earnings were $2.2 million, down 97% year-over-year.
Earnings plunged on costs related to several business sales, the company said.
One-time charges included a $143.4 million pretax loss on the sale of Huntsman's U.S. base chemicals business, a $4 million pretax loss on the sale of its U.S. polymers business, and $5.4 million pretax gain on the sale of its European petrochemicals business. In the year-ago period, the company took a $21.6 million pretax loss related to the sale of its European petrochemicals business.
Revenue rose to $2.5 billion, an increase of 17% year-over-year. Huntsman said higher prices and volumes in its polyurethanes, performance products and pigments segments drove sales.
For the full year, the company posted a loss of $172.2 million compared with a year-ago profit of $229.8 million. Revenue rose 11% to $9.65 billion.
SAN JOSE – North American-based manufacturers of semiconductor equipment posted $1.12 billion in orders in January and a book-to-bill ratio of 0.89, according to SEMI.
BRUSSELS – In the wake of a recent successful discovery of a counterfeit component ring, EU and U.S. officials said today they would crack down on further counterfeiting.
China will be a focus of the operation, officials said.
The announcement stems from recent operations at major airports during which some 360,000 counterfeit parts, representing more than 40 brands, were uncovered. The seized parts were valued at more than $1.3 billion.
"Traffickers and counterfeiters have become much more sophisticated.… They are no longer confining themselves to trafficking in some of the traditional goods we used to see them in, such as footwear or handbags," U.S. Customs and Border Protection assistant commissioner Dan Baldwin said, according to published reports.
"There are increasing numbers with high-tech goods, goods that impact our critical infrastructure," he added.
The U.S. and EU said they would cooperate with importers to discover how fakes enter the market, and would initiate investigations, focusing on China, a large hub for counterfeit components.
Some of the fakes found, however, came from Taiwan and Hong Kong, most arriving by plane through couriers, according to John Pulford, a European Commission official.
The customs operation took place in German airports, France's Roissy-Charles-de-Gaulle airport, London’s Heathrow, and many hubs in the U.S.
China will be a focus of the operation, officials said.
The announcement stems from recent operations at major airports during which some 360,000 counterfeit parts, representing more than 40 brands, were uncovered. The seized parts were valued at more than $1.3 billion.
"Traffickers and counterfeiters have become much more sophisticated.… They are no longer confining themselves to trafficking in some of the traditional goods we used to see them in, such as footwear or handbags," U.S. Customs and Border Protection assistant commissioner Dan Baldwin said, according to published reports.
"There are increasing numbers with high-tech goods, goods that impact our critical infrastructure," he added.
The U.S. and EU said they would cooperate with importers to discover how fakes enter the market, and would initiate investigations, focusing on China, a large hub for counterfeit components.
Some of the fakes found, however, came from Taiwan and Hong Kong, most arriving by plane through couriers, according to John Pulford, a European Commission official.
The customs operation took place in German airports, France's Roissy-Charles-de-Gaulle airport, London’s Heathrow, and many hubs in the U.S.
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