Huntsman Corporation LLC

Huntsman Corporation LLC Overview

Company Headquarters: United States

Founded: 1970

Workforce: ~7,000

Company Working: Huntsman Corporation is a global specialty chemical company that produces a wide range of products used in various industries such as adhesives, aerospace, automotive, construction, electronics, footwear, healthcare, paints and coatings, packaging, personal care, and textiles. The company operates in three segments: Polyurethanes, Performance Products and Advanced Materials. It offers a diverse range of chemical formulations and products that are marketed worldwide to various industrial and building product manufacturers. Our customer base primarily consists of these manufacturers. Huntsman Corporation's product portfolio includes polyurethane foam systems, specialty epoxy resins, coatings, and adhesives, amines, surfactants, textile chemicals, and dyes, among others. The company is also a leading producer of MDI, a key raw material used in the production of polyurethanes. The company operates across three divisions featuring over 60 manufacturing, R&D and operations facilities in approximately 30 countries. Huntsman Corporation has announced that it has secured all regulatory approvals required to complete the sale of its Textile Effects division to Archroma, a portfolio company of SK Capital Partners.

Strategy

The company's strategy is centered on expanding its unique product portfolio. Achieving this objective necessitates a heightened emphasis on formulating capabilities and technical solutions that can assist our downstream customers in achieving the desired effect in their respective applications. The accompanying diagram depicts this strategy. Its primary strategy is to expand the capabilities of our downstream facilities in both organic and inorganic ways. In line with this, we have made several "bolt-on" acquisitions over the past few years to broaden our downstream presence and align it with our strategic objectives.

Company Snapshot

$7,518M

Revenue

7,000

Employees

1970

Founded

United States

Headquarters

SWOT Analysis

Strengths

Broad product portfolio
High emphasis on R&D

Weaknesses

Limited presence in the Middle East & Africa and Latin America

Opportunities

Strategic mergers and acquisitions

Threats

Modification or unforeseen changes to laws and regulations

Key Developments

Date	Approach	Development
February 2023	Divestment	Huntsman Corporation has announced that it has secured all regulatory approvals required to complete the sale of its Textile Effects division to Archroma, a portfolio company of SK Capital Partners. Both parties expect the transaction to close on February 28, 2023. The agreed purchase price was $593 million in cash plus assumed pension liabilities, and Huntsman expects the net after tax cash proceeds to be approximately $540 million before customary post-closing adjustments.
September 2020	Product Launch	Huntsman Textile Effects has extended its industry-leading HIGH IQ brand- assurance program with the launch of HIGH IQ Lasting Black eco. Based on Huntsman’s award-winning AVITERA SE Black reactive dye, the new color-retention program will help mills, brands and retailers meet global demand for eco-friendly black shades that retain their intense color even after repeated washing.
December 2021	Product Launch	Huntsman Textile Effects says its new Avitera Rose SE dye for brilliant bluish-red shades significantly outperforms the best available dyeing technologies for cellulosic fibres and blends to deliver substantial water and energy savings, overall fastness and reduced costs. The technology is able to use less water and energy thanks to its low-temperature and high-speed wash-off technology. It is also said to deliver a ‘right-first-time’ performance, with compatibility, levelling properties, and on-tone build-up.

Product Offering

Huntsman Corporation LLC
- Specialty Epoxy Resins
- Cycloaliphatic Epoxy Resins
- Toughened Epoxy Resins
- Waterborne Epoxy Resins
- Multifunctional Epoxy Resins
- Global Dyes Market

Financial Performance

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