Home / Knowledge / News / Textiles / Huntsman Corporation eyes US$ 1bn sales in India
Huntsman Corporation eyes US$ 1bn sales in India
28
Jan '13
Huntsman Corporation, a global producer and marketer of differentiated chemicals, has unveiled its plans to enhance capacities and boost its India revenues to US$ 1 billion by 2018-19.
 
Operating companies of Huntsman Corporation produce items catering to a wide range of global industries, including textiles.
 
The newly appointed Vice President and Managing Director, Indian Subcontinent, Steve Stilliard told PTI that they have impressive growth plans for India, and are eyeing capital expenditure of US$ 10 million per annum and annual growth rate of 13 to 15 percent in Indian market, The Economic Times reported.
 
Having over 1,000 associates, Huntsman’s India sales presently stand at over US$ 500 million, and the company aims to boost this to US$ 1 billion by 2018-19, he added.
 
Huntsman is also planning to acquire a mid-sized Indian company, which would strengthen its technology and aid its further expansion in the Indian market.
 
Performance products and advanced materials that find utility in the textile industry and polyurethanes are the key contributors to the firm’s revenues in India.
 
Performance products like carbonates, amines and certain speciality surfactants are used in several consumer and industrial applications.
 
Firstly recognized as a pioneer for innovations in packaging, Huntsman has also earned fame for speedy and integrated development in petrochemical industry. The company employs around 12,000 people at its operations at various places across the globe.
 

Fibre2fashion News Desk - India


Must ReadView All

Apparel/Garments | On 26th Sep 2017

US raises annual AGOA quota for textiles

The US Committee for the Implementation of Textile Agreements has...

Textiles | On 26th Sep 2017

Thrace-LINQ expanding Dorchester County operations

Thrace-LINQ, a global supplier of fabrics for the textile industry,...

Courtesy: Levis

Fashion | On 26th Sep 2017

Google unveils smart denim jacket with Levi Strauss

Ending the months-long wait, Google has unveiled its smart denim...

Interviews View All

Anshul Sood
Oceedee

‘Indian footwear market is nascent and largely a trend follower’

Rajiv Sirohi
Shara

‘Portugal is taking away a major share of the mill made sector.’

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

September 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
75.5%
No
12.2%
Skip
12.2%

Total Votes: 49

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.3%
No
24.5%
Skip
12.2%

Total Votes: 49

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.8%
No
6.1%
Skip
6.1%

Total Votes: 49

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
71.4%
No
10.2%
Skip
18.4%

Total Votes: 49


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search