Huntsman strengthens its presence in key markets with a Turkish PU house acquisition
January 5, 2012
Huntsman Corporation has acquired EMA Kimya Sistemleri Sanayi ve Ticaret A.S., a polyurethanes systems house in Istanbul, Turkey. The EMA systems house has the capacity to manufacture polyester polyols and blend MDI polyurethane systems used primarily in the insulation, automotive, adhesives, coatings, elastomers and furniture industries. 2010 revenues were approximately $17 million.
"We are pleased with the acquisition of EMA," said Anthony Hankins, president Huntsman's polyurethanes division. "This acquisition is part of our global strategy to strengthen our presence in key growth markets. In 2010, Turkey's MDI polyurethane systems grew at a rate of 13-15 percent. We look forward to leveraging this demand and providing a broader product offering to customers in this region."
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