Huntsman Corporation
 |
|
| Public (: HUN) | |
| Industry | Chemicals |
| Founded | 1970 |
| Founder | Jon M. Huntsman |
| Headquarters | The Woodlands, Texas (corporate) Salt Lake City, Utah (executive) |
|
Key people
|
Jon M. Huntsman (Executive Chairman) Peter R. Huntsman (President and CEO) |
| Revenue |
 US$ 9.657 billion (2016) |
|
US$ 647 million (2016) |
|
|
US$ 357 million (2016) |
|
| Total assets |
US$ 9.189 billion (2016) |
|
Number of employees
|
15,000 |
| Website | huntsman |
Huntsman Corporation is an American multinational manufacturer and marketer of chemical products for consumers and industrial customers. Huntsman manufactures assorted polyurethanes, performance products, and pigments 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 and R&D facilities in over 30 countries and employ approximately 15,000 associates across 5 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 chemical products.
In April 1994, Huntsman acquired the Texaco Chemical company for $1.06 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 second-largest global producer of titanium dioxide and inorganic color pigments for uses like paints and industrial coatings. Huntsman paid approximately $1 billion in cash and assumed certain unfunded European pension liabilities.
Advanced Materials is a supplier of synthetic and formulated polymer systems. Huntsman’s epoxy, acrylic and polyurethane-based polymer products are used to replace traditional materials in aircraft, automobiles and electrical power transmission.
Polyurethanes manufactures MDI-based polyurethane solutions used in an extensive range of applications and market sectors. Polyurethanes provide key benefits of energy efficiency, comfort and well-being. Insulation products conserve energy in housing and commercial properties, and play a critical role in the food supply chain – keeping products at the right temperature in refrigerated vehicles, chiller cabinets and refrigerators. Polyurethanes also provide comfort and well-being in automotive seating, furniture, bedding and footwear. Adhesive products, coatings and elastomers are used extensively throughout consumer and industrial applications.
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