US Huntsman acquires Turkish PU systems house

30 December 2011 21:51  [Source: ICIS news]

HOUSTON (ICIS)--Huntsman has acquired Turkish polyurethanes (PU) systems house EMA Kimya Sistemleri Sanayi ve Ticaret, the US-based producer said on Friday.

The Istanbul-based EMA systems house has the capacity to manufacture polyester polyols and blend methyl di-p-phenylene isocyanate (MDI) PU systems used in the insulation, automotive, adhesives, coatings, elastomers and furniture industries, Huntsman said.  

EMI 2010 revenues were about $17m (€13m), Huntsman said, adding that in 2010, Turkey’s MDI PU systems grew at a rate of 13-15%.

Huntsman did not disclose the financial details of the acquisition.

($1 = €0.77)

By: Brian Ford
+1 713 525 2653

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly