Huntsman completes acquisition of remaining ownership in the Russian PU joint venture
July 4, 2012
Huntsman Corporation has acquired the remaining ownership of Russian joint venture Huntsman NMG (HNMG), giving it full ownership of the company. HNMG is a supplier of polyurethane systems to the adhesives, coatings and footwear markets in Russia, Ukraine, and Belarus. "The Russian Federation is recognized as an important and fast growing economy, with double digit growth rates predicted for polyurethane products," said Anthony Hankins, president of Huntsman's polyurethanes division. "This investment will give us greater access to the high value coatings, adhesives, and elastomers markets through an established, state-of-the-art operations platform that will enhance our ability to provide differentiated solutions for our customers."