THE WOODLANDS, Texas,
Dec. 30, 2011 /PRNewswire/ --
Huntsman Corporation (NYSE: HUN) announced today that it has
acquired EMA Kimya Sistemleri Sanayi ve Ticaret A.S., a
polyurethanes systems house in Istanbul, Turkey. The EMA systems house
has the capacity to manufacture polyester polyols and blend MDI
polyurethane systems used primarily in the insulation, automotive,
adhesives, coatings, elastomers and furniture industries.
2010 revenues were approximately $17
million.
Commenting on the sale, Anthony P.
Hankins, President of the Polyurethanes division, said:
"We are pleased with the acquisition of EMA. This
acquisition is part of our global strategy to strengthen our
presence in key growth markets. In 2010, Turkey's MDI polyurethane systems grew at a
rate of 13-15%. We look forward to leveraging this demand and
providing a broader product offering to customers in this
region."
About Huntsman:
Huntsman is a global manufacturer and marketer of
differentiated chemicals. Its operating companies manufacture
products for a variety of global industries, including chemicals,
plastics, automotive, aviation, textiles, footwear, paints and
coatings, construction, technology, agriculture, health care,
detergent, personal care, furniture, appliances and packaging.
Originally known for pioneering innovations in packaging and,
later, for rapid and integrated growth in petrochemicals, Huntsman
has approximately 12,000 employees and operates from multiple
locations worldwide. The Company had 2010 revenues of over
$9 billion. For more information
about Huntsman, please visit the company's website at
www.huntsman.com.
Forward-Looking Statements:
Statements in this release that are not historical are
forward-looking statements. These statements are based on
management's current beliefs and expectations. The forward-looking
statements in this release are subject to uncertainty and changes
in circumstances and involve risks and uncertainties that may
affect the company's operations, markets, products, services,
prices and other factors as discussed in the Huntsman companies'
filings with the U.S. Securities and Exchange Commission.
Significant risks and uncertainties may relate to, but are not
limited to, financial, economic, competitive, environmental,
political, legal, regulatory and technological factors. The
company assumes no obligation to provide revisions to any
forward-looking statements should circumstances change, except as
otherwise required by applicable laws.
SOURCE Huntsman Corporation