In the background of Covid-19, there is an urgent requirement for hand sanitisers across the U.S. Huntsman will donate the first 5-tonne shipment of hand sanitiser to Huntsman Cancer Institute and the associated medical facilities at the University of Utah to help protect the frontline workers treating coronavirus patients.
With an aim to expand Huntsman Corporation’s Specialty Chemicals business, the company has acquired the North American firm CVC Thermoset Specialties for 300 million dollars. The transaction is expected to close this year.
Huntsman took over Icynene-Lapolla for 350 million dollars from an affiliate of FFL Partners. The business deal is in line with Huntsman’s strategy of expanding its downstream footprint in spray polyurethane foam insulation.
Huntsman, the specialty chemicals manufacturer has made the deal with Indorama Ventures. The transaction included a cash purchase price of approximately 1.93 billion dollars and the net cash proceeds are expected to be under 1.6 billion dollars.
Vietnam has shown significant demand for polyurethanes and is one of the fastest growing countries in Asia Pacific. Hence, the firm has launched a facility which will comprise production of polyurethanes and advanced materials; R&D capabilities; a technical service center; warehouse and distribution space along with a commercial office.
Clariant and Huntsman Corporation jointly announced that they have mutually terminated their proposed merger of equals. The decision was unanimously approved by the Boards of Directors of both companies.
Das Fusionskarussell dreht sich weiter: Der Schweizer Chemiekonzern Clariant will sich mit der US-Firma Huntsman zusammenschließen. Dabei würde das entstehende Unternehmen den Namen Huntsman-Clariant erhalten und einen Umsatz von 11,8 Milliarden Euro erwirtschaften. Unumgänglich sei auch ein Stellenabbau, so Clariant-Chef Hariolf Kottmann gegenüber der Wirtschaftswoche.