Home / Knowledge / News / Textiles / Huntsman restructures Textile Effects business
Huntsman restructures Textile Effects business
03
Dec '08
Paul Hulme, President of the Materials & Effects division of Huntsman Corporation, announced that the company has completed a comprehensive review of the strategy for its global Textile Effects (TE) business.

As a result, the Textile Effects business will move to implement a new structure that will see its operations expand significantly in Asia and consolidate in the Americas and in Europe as it transitions from a regional to a global, market-focused organization. The company has targeted approximately $60 million in annual savings when all phases of the restructuring are fully completed.

Mr. Hulme said: “Upon acquiring this business, we rapidly rationalized its complex global manufacturing footprint and then moved to review its product portfolio and business structure. We are now prepared to move to a stage where the business can show its real potential as we focus on products and markets where we see opportunity to win now and in the long run.”

The streamlined Textile Effects business will be comprised of two global strategic business units: Apparel & Home Textiles and Specialty Textiles, which together will focus on nine growth market segments. All business and support functions will be aligned to this new structure.

Peter Huntsman, President and CEO of Huntsman Corporation, commented: “We firmly believe in our textile chemicals and dyes business. As we previously achieved during the highly successful restructuring of our Advanced Materials business following its acquisition by Huntsman, our goal for TE is to reach a world-class cost position and become a truly market focused organization. This comprehensive change will contribute significantly to maintaining our leadership position in the textile chemicals and dyes market.”

Huntsman's Textile Effects is the leading global provider of high-quality dyes and chemicals to the textile and related industries, manufacturing a broad range of dye and chemical products that enhance the colour of finished textiles and improve performance characteristics, such as wrinkle resistance, lasting freshness and the ability to repel water and stains. The business currently serves over 4500 customers located in 80 countries.

Huntsman Corporation

Must ReadView All

President Donald Trump; Courtesy: White House

Textiles | On 24th Jan 2017

US sets ball rolling for withdrawal from TPP

President Donald Trump has set the ball rolling for withdrawal of the ...

Textiles | On 24th Jan 2017

Indian cotton consumption estimated at 290 lakh bales: CAI

The domestic consumption of cotton during the crop season 2016-17...

Stefano Gallucci (left), CEO, Santex Rimar Group, and Tamer Hasbay, President, Has Group; Courtesy: Santex Rimar

Textiles | On 24th Jan 2017

Santex Rimar to market all Has products globally

Italy based Santex Rimar Group has signed an agreement with Turkey...

Interviews View All

Sanjay Desai & Ashish Mulani
True Colors

Digital textile printing will be the technology of the future

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

Cyril Pereira
Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

'Major problem in the textile machinery manufacturing industry is the lack ...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

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
January 2017

January 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search