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Huntsman hosts first ever India Customer Conference 2010

15
Mar '10
Huntsman Corporation, a global manufacturer and marketer of differentiated chemicals, hosted it first ever India Customer Conference 2010 in Mumbai. In attendance were all the top brass from all the different divisions of Huntsman along with their President and CEO, Mr Peter Huntsman.

The India Customer Conference 2010 began with a welcome address given by Mr. Paul Hulme, President and Mr Rohit Aggarwal, Vice-President, both from Huntsman Textile Effects. One of the high-lights of the meet was a panel discussion arranged by the Textile Effects division.

The panel discussion centered on 'Innovation for Sustainability in Indian Textile Industry' and the panel was represented by a who's who of the textile value-chain in India, who discussed the opportunities and challenges posed to the textile sector.

Amongst the eminent panelists were, Mr Paul Hulme, CEO, Huntsman Mr. Dilip Bhai Jiwrajka, Managing Director, Alok Industries Ltd, Mr Ravi Toshniwal, Jt Managing Director, Banswara Syntex Ltd, Mr Atul Chitre, Materials Manager, Columbia Sportswear and Mr Pankaj Kapoor, Director, Weavette Texstyles Ltd (Future Group).

The key points discussed were that, companies need to be 'proactive' rather than 'reactive' in terms of delivering innovative sustainable products at competitive prices. Sustainability is the now the key driver for innovation, as customers are more concerned about 'where' and 'how' they are produced.

There are challenges in sourcing suppliers and manufacturers of sustainable materials, along with which being sustainable also means it is capital intensive. But right management thinking and retention of quality people will help companies to achieve the goal.

The other important point discussed was that, scarcity of water will be an issue in the future, so companies need to think about reusability of water. Mr Paul Hulme concluded by saying that there is a link between sustainability and profitability provided companies' align their strategy successfully with their business model.

Companies looking to get this right need to think about innovation for sustainability in three ways: products, processes, and business models. It is known fact that 'Our today's action will determine our tomorrow's life', so 'Focus on Business for a Better World' will be the main theme for the corporates in the coming days.

Originally known for pioneering innovations in packaging and, later, for rapid and integrated growth in petrochemicals, Huntsman has approximately 11,000 employees and operates from multiple locations worldwide. The Company had 2009 revenues of approximately US $8 billion.

Fibre2fashion News Desk - India


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