Huntsman

Huntsman Opens New Innovation Center in Belgium

Last week, US chemical producer Huntsman opened a new innovation center in Tienen, Belgium, strengthening its research and development (R&D) capabilities.

Venator in US Chapter 11 Bankruptcy Proceedings

Venator, the Huntsman spinoff that holds the family-owned business’s former titanium dioxide activities, has filed for protection from creditors under the US Chapter 11 bankruptcy code.

Archroma Integrates Acquired Huntsman Assets

With the completion of its acquisition of Huntsman Textile Effects on Feb. 28, Swiss specialty chemicals producer Archroma, a portfolio company of US private investment firm SK Capital Partners, has revamped its operational structure.

Archroma to Close Huntsman Textile Effects Buy on Feb. 28

Switzerland’s Archroma said it has secured all regulatory approvals required to complete the acquisition of the Textile Effects portfolio of US chemical producer Huntsman and expects to close the transaction this week, on Feb. 28.

US Court Awards Huntsman Damages Against Praxair

A US court has awarded Huntsman damages in a long-running legal battle against Praxair, now part of Linde. A New Orleans jury has granted the Texas-headquartered chemical manufacturer nearly $94 million, which will exceed $125 million once the Court has applied interest.

Huntsman Wins Proxy Fight with Starboard

Huntsman has managed to rebuff a move by activist investor Starboard Value to appoint four members to the chemical company’s board. According to preliminary results from Huntsman’s annual meeting on Mar. 25, shareholders voted to elect all 10 of Huntsman’s nominated directors.

Huntsman Gears up for Proxy Fight with Starboard

Gearing up for a potential proxy fight at its Mar. 25 annual meeting, Huntsman has written to its shareholders urging them to vote for the company’s nominated directors as it hopes to head off activist investor Starboard Value.

Starboard Nominates Directors to Huntsman’s Board

Activist investor Starboard Value has nominated four directors to Huntsman’s board, launching a potential proxy fight. Its candidates are Jeffrey Smith, Starboard’s founder and CEO; James Gallogly, former LyondellBasell CEO; Sandra Beach Lin, former CEO of solar silicon firm Calisolar, former executive vice president of Celanese and president of its then-plastics arm Ticona; and Susan Schnabel, co-founder and co-managing partner of aPriori Capital Partners.

Huntsman Reviews Options for Textile Effects

Huntsman has announced it will undertake a strategic review of its Textile Effects division, which is headquartered in Singapore and supplies dyes and chemicals to the textile and related industries. The review, which will include a potential sale, is due to start early this quarter. The US chemical producer did not say how long it would take, other than it “plans to move expeditiously.”

Huntsman Forms Korean Polyurethanes JV

Huntsman has formed a joint venture with South Korean polyols producer KPX Chemical. The jv, named KPX Huntsman Polyurethanes Automotive, will develop and produce polyurethane systems for South Korean automakers from KPX's plant in Ulsan. Operations are expected to start by the end of October.

Huntsman Expands Specialty Amines

Huntsman has completed the initial phases of a project at Conroe, Texas, USA, to expand and widen its portfolio of E-Grade specialty amines, including quaternary amine alternatives to tetramethylammonium hydroxide and related products.

Huntsman Expands Hungarian PU Catalyst Plant

Huntsman has announced plans to expand its production facilities for polyurethane catalysts and specialty amines at Petfurd, Hungary. The Texas-based US chemical producer did not say how much the capacity upgrade will cost, only that the “multi-million dollar” project is receiving a $3.8 million grant from the Hungarian government.

Huntsman to Acquire Gabriel Performance Products

Huntsman has agreed to buy Gabriel Performance Products, a North American manufacturer of specialty additives and epoxy curing agents for the coatings, adhesives, sealants and composite end-markets, from funds owned by Audax Private Equity.

Huntsman Sells Consumer Adhesives to Pidilite

Huntsman has agreed to sell its India-based Do-it-Yourself (DIY) consumer adhesives business, part of its Advanced Materials division, to Mumbai-based Pidilite Industries.

Huntsman Inaugurates Polyols Unit in Taiwan

Huntsman recently inaugurated its new plant for aromatic polyester polyols, which began production in May this year at the US chemical producer’s polyurethanes systems house in Kuan Yin, Taiwan.

Huntsman Sells Venator Shares to SK Capital

Huntsman has agreed to sell about 42.5 million shares in Venator Materials – representing just below 40% of Venator’s outstanding shares – to private equity group SK Capital Partners for $100 million cash. The deal includes a 30-month option at $2.15/share for the remaining 9.5 million shares that Huntsman owns.

Huntsman Closes CVC Buy

Huntsman in Vietnam Textiles Collaboration

Huntsman Textile Effects, a producer of dyes, chemicals and digital inks for the textile and related industries, has announced a strategic partnership with Phong Phu International (PPJ), a Vietnamese garment manufacturer and exporter.

Ineos Delays Forties Pipeline Shutdown

Huntsman Buys CVC Thermoset Specialties

Huntsman Boosts PU Foam with Icynene-Lapolla

Huntsman to Sell Intermediates to Indorama

Huntsman Takes Control of German Maleic JV

Tronox Relocates, Shareholder Exits

ICI Pakistan and Huntsman in Textiles Pact

Huntsman to Build PU Plant in Dubai

Along the Acquisition Trail

Huntsman Acquires Demilec for $350 Million

SABIC Acquires 24.99% Stake in Clariant

SIX Claims Clariant Breached Disclosure Rules

Huntsman Spin-off Completes Second IPO Round

Clariant Moves on from Failed Merger

UK Chemical Companies Start to Fear the Worst with Brexit

White Tale Tells Clariant its Terms

Clariant and Huntsman Call off “Merger of Equals”