Ann: Production Commences at TiZir Titanium and Iron, page-4

Another disruption 10 % of Europe's demand is off-line after another fire. We are not alone in the mishap department and could benefit in a big way from the disruption to supply. More upward price pressure.

supplyNEWS
Huntsman's Pori, Finland Facility Experiences Fire
FOR IMMEDIATE RELEASE
January 31, 2017
The Woodlands, Texas
NYSE: HUN

THE WOODLANDS, Texas – A fire started January 30 at Huntsman Corporation’s (NYSE: HUN) titanium dioxide manufacturing facility in Pori, Finland. All Huntsman associates at the site have been accounted for and there were no injuries. The fire brigade responded quickly and extinguished the fire.

Pori has a capacity of 130,000 metric tons, which represents approximately 15% of Huntsman’s total titanium dioxide capacity and approximately 10% of total European demand. The site is insured for property damage as well as earnings losses. Huntsman is committed to repairing the facility as quickly as possible to ensure that customers can continue to receive the quality products offered by our Pori site.
The ongoing process to separate the Pigments and Additives business from Huntsman is proceeding.