{
  "docId": "019dd923-622c-750b-8b9c-e7508bf92a94",
  "docSlug": "84e240d51920",
  "documentTitle": "Huntsman Corporation (HUN)",
  "authorId": "03_Starboard_Value",
  "authorName": "Starboard Value",
  "documentKindSlug": "activist-deck",
  "documentKindLabel": "Activist deck",
  "sourceTypeSlug": "activist_investor",
  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2022-02-28 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.3333334,
  "pageNumber": 235,
  "pageCount": 238,
  "prevPage": 234,
  "nextPage": 236,
  "slideType": "propose_solution",
  "function": "propose_solution",
  "density": "overcrowded",
  "nDataPoints": 4,
  "notes": "Uses geographic maps to visualize the current R&D footprint and identify consolidation targets.",
  "elementsJson": [
    "headline_text",
    "paragraph",
    "map",
    "callout_box"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-622c-750b-8b9c-e7508bf92a94/235",
  "deckHref": "/decks/019dd923-622c-750b-8b9c-e7508bf92a94",
  "deckJsonHref": "/decks/019dd923-622c-750b-8b9c-e7508bf92a94.json",
  "deckAnchorHref": "/decks/019dd923-622c-750b-8b9c-e7508bf92a94#slide-235",
  "components": [
    {
      "bbox": {
        "h": 0.18,
        "w": 0.46,
        "x": 0.04,
        "y": 0.68
      },
      "kind": "callout",
      "text": "While Auburn Hills is an automotive-focused R&D center that is close to automotive customers, we believe there is no similar industrial logic for Derry, and believe it can be consolidated into The Woodlands",
      "attrs": null,
      "subkind": "primary",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "1c788346-545a-454b-ad9d-8d3b1a44ba5b",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.18,
        "w": 0.44,
        "x": 0.52,
        "y": 0.68
      },
      "kind": "callout",
      "text": "We believe the Company should develop a plan to transition the remaining non-core employees in Basel to lower-cost locations, including potentially centralizing R&D in The Woodlands",
      "attrs": null,
      "subkind": "primary",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "db4bc04f-90f6-406e-bdba-52c95b0d1ee4",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.42,
        "w": 0.44,
        "x": 0.52,
        "y": 0.24
      },
      "kind": "image",
      "text": "Europe R&D Locations",
      "attrs": null,
      "subkind": "map",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "0b7c6204-42ca-4de6-ac15-8856afbd9243",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.42,
        "w": 0.46,
        "x": 0.04,
        "y": 0.24
      },
      "kind": "image",
      "text": "U.S. R&D Locations – Polyurethanes",
      "attrs": null,
      "subkind": "map",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "744604c1-4002-4c45-918b-aa2b4b13da5a",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.07,
        "w": 0.92,
        "x": 0.04,
        "y": 0.15
      },
      "kind": "paragraph",
      "text": "We believe the Company has a scattered R&D footprint that can be consolidated, which would not only lower operating expenses, but also increase collaboration, potentially resulting in increased productivity.",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "19574649-2f36-4cc0-a107-6edf2efdef63",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.92,
        "x": 0.04,
        "y": 0.89
      },
      "kind": "paragraph",
      "text": "We believe there are opportunities to consolidate or relocate personnel to streamline R&D expenses.",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "1ed78e29-48ec-42a3-86bc-5ceb2c215c96",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.92,
        "x": 0.04,
        "y": 0.94
      },
      "kind": "source-note",
      "text": "Source: Public company filings, presentations and transcripts, analysis from a leading consulting firm engaged in the evaluation of Huntsman’s operations and performance, Starboard analysis. (1) 300 employees includes R&D headcount for Polyurethanes, Performance Products, and Advanced Materials. (2) Includes R&D for Polyurethanes, Performance Products, and Advanced Materials. (3) Includes R&D for Advanced Materials and Textile Effects, as well as corporate functions.",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "5a5890a8-1920-4005-b3e7-ad3abde0c3ab",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.1,
        "w": 0.8,
        "x": 0.04,
        "y": 0.03
      },
      "kind": "title",
      "text": "We Also Believe There May Be Opportunities to Consolidate Research Centers",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "4b5609c6-cd94-4897-8067-07f5b83b7f60",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [],
  "arcBeats": [],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}