Huntsman acquires Turkish Polyurethanes Systems House

4 January 2012: Huntsman Corporation has acquired EMA Kimya Sistemleri Sanayi ve Ticaret A.S., an MDI-based polyurethanes systems house in Istanbul, Turkey. As a result of the deal, EMA will become part of Huntsman’s Polyurethanes division and will be known as Huntsman-EMA. EMAs’ two major shareholders, Mrs Gulum Kabil and Mr Engin Tataroğlu, will continue to manage the business operations of the new venture. EMA’s plant was built in 2006 to produce polyurethane blends for Turkey's fast-growing MDI systems market. Today, the facilities have capacity for system blending, polyester polyols manufacture and bulk MDI and base polyols storage.

As an integral part of Huntsman, EMA is now a key component of a global company with 2010 revenues of $9.2 billion. Huntsman Polyurethanes (HPU) is a leading producer of MDI – a key ingredient in the production of polyurethanes. The business also manufactures flexible and rigid polyethers, polyesters, polyether amines, polyurea amines, propylene oxide, polyols, fully formulated polyurethane systems and thermoplastic polyurethanes (TPUs) for the automotive, footwear, coatings & adhesives, construction, furniture, appliances and packaging industries. HPU has almost 2,500 employees worldwide serving over 3,500 customers in more than 90 countries. In 2010, the division’s revenues exceeded $3.6 billion.

Source: Yourindustrynews