Pharma Industry
Industry: Email Alert RSS FeedHuntsman Acquires Indian PU.(Brief Article)
Chemical Market Reporter, November, 2000
TO STRENGTHEN its polyurethane presence in Asia, Huntsman Corporation will acquire ICI India's polyurethanes business and integrate it into Huntsman Polyurethanes. Earlier this year, the company acquired Orica's Australian polyurethanes business. Huntsman Polyurethanes operates 14 plants in the Asia-Pacific region.
In addition, the company has signed a letter of intent with BASF and Chinese partners to build a 160,000-metric-ton-per-year crude MDI plant outside Shanghai. "Following China, we see India as the next emerging marker in the region and, as a marker leader, our acquisition of this polyurethane business is an important element in ensuring we are in the position to take advantage of that growth," says John O'Neill, Asia-Pacific vice-president for...
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