Home / Knowledge / News / Textiles / Expanding in Asia is focus of Textile Effects division - Huntsman
Expanding in Asia is focus of Textile Effects division - Huntsman
08
Sep '09
A spokesperson from Huntsman Corporation, the US based chemical major, had stated that Huntsman was on the look out to purchase a speciality chemical manufacturing company in China, from the proceeds it received from the proceedings of an aborted takeover.

To get some more details about the intent of Huntsman Corporation, Fibre2fashion spoke exclusively to Mr Paul Hulme, President, Global Textile Effects Division who said that, “Huntsman Textile Effects (HTE), as part of its agenda, is always on the lookout for consolidation opportunities. China along with other locations are potential targets, although there are no ongoing discussions with companies at this time”.

He continued by saying, “Huntsman is in a strong liquid position following a settlement with banks, and with the right opportunity, these funds could be made available within the Corporation. With our strategic move to Singapore, our overall strategy continues to be driving our business through these recessionary times, while maintaining a strong balance sheet and retaining low debt”.

“Expansion in Asia is a focus for Huntsman Textile Effects, with the anticipated growth of the industry in double digits, as compared to single digit growth in Europe and the US. With innovative products in its fold as well as 'green' initiatives, we look to maintain the importance of Asia and utilise Singapore as a regional hub for its shared services”, he concluded by saying.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 17th Jan 2017

GST rollout from July 1; states to control small taxpayers

The Centre and states have reached a consensus on the issue of dual...

Textiles | On 17th Jan 2017

Reliance Industries net increases 3.6% in Q3FY17

In the three months ended December 31, 2016, India’s biggest private...

Textiles | On 17th Jan 2017

IMF projects advanced economies to grow at 1.9% in 2017

Advanced economies are projected to grow by 1.9 per cent in 2017 and...

Interviews View All

Yash Maniyar
Rekha Maniyar

Indian fashion market is growing at a staggering rate

Binoy Ravjani
Hero's Fashion

‘One of the recent trends in hand block printing is the indigo process,...

Krishnanand Tripathi
Textrade International Ltd

We believe in vocational education for entry-level employees, offering...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Silke Brand-Kirsch
Schlegel und Partner

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

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

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