Huntsman Corp.
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| Public (: HUN) | |
| Industry | Chemicals |
| Founded | 1970 |
| Founder | Jon M. Huntsman |
| Headquarters | The Woodlands, Texas (corporate) Salt Lake City, Utah (executive) |
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Key people
|
Jon M. Huntsman (Executive Chairman) Peter R. Huntsman (President and CEO) |
| Revenue |
 US$ 9.657 billion (2016) |
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US$ 647 million (2016) |
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US$ 357 million (2016) |
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| Total assets |
US$ 9.189 billion (2016) |
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Number of employees
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10,000 |
| Website | www |
Huntsman Corporation is an American multinational manufacturer and marketer of chemical products for consumers and industrial customers. Huntsman manufactures assorted polyurethanes, performance products, and adhesives for customers like BMW, GE, Chevron, Procter & Gamble, and Unilever. With headquarters in The Woodlands, Texas and executive offices in Salt Lake City, Utah, they operate more than 100 manufacturing, R&D and operations facilities in over 30 countries and employ approximately 10,000 associates across four business divisions. Huntsman Corporation had 2016 revenues of approximately $10 billion.
The Huntsman Corporation was initially founded as the Huntsman Container Corporation in 1970 by Jon Huntsman, Sr. It went public as the Huntsman Corporation on the New York Stock Exchange : HUN in February 2005. Huntsman has grown through a series of acquisitions (with some divestitures) and today is a manufacturer and marketer of differentiated and specialty chemical products.
In April 1994, Huntsman acquired the Texaco Chemical company for $1.1 billion.Texaco Inc. agreed to sell its last remaining petrochemicals plant to Huntsman in 1999 for about $600 million.
The Huntsman Corporation became the then third-largest petrochemical business in the United States when in 1999, it acquired Imperial Chemical Industries' polyurethanes, titanium dioxide, aromatics and petrochemical global businesses for $2.8 billion.
Huntsman also acquired the Performance Additives and Titanium Dioxide (TiO2) businesses of Rockwood Holdings, Inc. on October 1, 2014, to become the largest color and white pigments company in the world. Huntsman paid approximately $1 billion in cash and assumed certain unfunded European pension liabilities.
In May 2017, Huntsman and Clariant announced that they would merge, as equals, forming HuntsmanClariant which would be the global leader in speciality chemical production - with the deal valued at $20 billion. Clariant shareholders will own 52% of the new entity, with Huntsman shareholders owning the remaining 48% of shares.
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Wikipedia