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

Apparel/Garments | On 28th May 2017

Over 45% US retailers to use AI in next 3 years: Report

Over 45 per cent retailers in the US plan to utilise artificial...

Neelesh Hundekari speaking at the event. Courtesy: Subir Ghosh

Textiles | On 27th May 2017

Fabric of Change initiative announces €250000 scaling fund

The Fabric of Change initiative of Ashoka and the C&A Foundation is...

Apparel/Garments | On 28th May 2017

Naked Brand, Bendon sign agreement to reorganise

Naked Brand Group, a fashion and lifestyle brand, and Bendon Limited, ...

Interviews View All

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

Nishank Patel
Shri Dinesh Mills Limited

Broad range of fabrics will sell well this financial year

Smarth Bansal
Colorjet India Limited

We would like to venture more companies into the Indian market

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Iago Castro Asensio
RCfil Distribuciones S.L.

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

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Bani Batra

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

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

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

news category


Related Categories:
May 2017

May 2017

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

SUBSCRIBE


Browse Our Archives

GO


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