Huntsman: Acquisition of Turkish Polyurethanes Systems House
Huntsman Corporation, The Woodlands, Texas, USA, 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 USD 17 million.
Commenting on the sale, Anthony P. Hankins, president of the Polyurethanes division, said: "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 %."
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