Profile: Huntsman Corp (HUN)

HUN on New York Consolidated

22.82USD
19 Dec 2014
Price Change (% chg)

$0.16 (+0.71%)
Prev Close
$22.66
Open
$22.89
Day's High
$23.11
Day's Low
$22.56
Volume
2,984,067
Avg. Vol
4,498,155
52-wk High
$29.33
52-wk Low
$20.35

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Huntsman Corporation is a manufacturer of differentiated organic chemical products and of inorganic chemical products. The Company operates its businesses through Huntsman International LLC (Huntsman International). The Company’s products consists a range of chemicals and formulations, which it markets globally to a range of consumer and industrial customers. Its products are used in a range of applications, including those in the adhesives, aerospace, automotive, construction products, durable and non-durable consumer products, electronics, medical, packaging, paints and coatings, power generation, refining, synthetic fiber, textile chemicals and dye industries. The Company is a global producer in product lines, including methyl diphenyl diisocyanate (MDI), amines, surfactants, epoxy-based polymer formulations, textile chemicals, dyes, maleic anhydride and titanium dioxide. The Company operates in five segments: Polyurethanes, Performance Products, Advanced Materials, Textile Effects and Pigments. On December 30, 2011, the Company completed the acquisition of EMA Kimya Sistemleri Sanayi ve Ticaret A.S. On November 1, 2011, its Advanced Materials division completed the sale of its stereolithography resin and Digitalis machine manufacturing businesses to 3D Systems Corporation. On April 2, 2011, it completed the acquisition of the chemical business of Laffans Petrochemicals Limited. In July 2012, the Company acquired the remaining interest in Russian joint venture, Huntsman NMG (HNMG). Effective March 14, 2013, it acquired 20% interest in Nippon Aqua Co Ltd. In August 2013, the Company announced that it has completed the acquisition of the business of Oxid L.P. In June 2014, Wilmar International Limited's subsidiary, Wilmar Europe Holdings B.V. purchased the Company’s European commodity surfactants business.

Polyurethanes

The Company is a global manufacturer and marketer of a range of polyurethane chemicals, including MDI products, propylene oxide (PO), polyols, propylene glycol (PG) and thermoplastic polyurethane (TPU). Polyurethane chemicals are used to produce rigid and flexible foams, as well as coatings, adhesives, sealants and elastomers. The Company operates five Polyurethanes manufacturing facilities in the United States, Europe and China. The Company also operates 15 Polyurethanes formulation facilities, which are located in close proximity to its customers globally. Its customers produce polyurethane products through the combination of an isocyanate. It and some of its customers process PO into derivative products, such as polyols for polyurethane products, PG and various other chemical products. End uses for these derivative products include applications in the home furnishings, construction, appliances, packaging, automotive and transportation, food, paints and coatings and cleaning products industries.

The Company produces methyl tertiary butyl ether (MTBE) as a co-product of its PO manufacturing process. MDI is used in rigid foam applications and in a range of coatings, adhesives, sealants and elastomers. Polyols, including polyether and polyester polyols, are used in conjunction with MDI and toluene diisocyanate (TDI) in rigid foam, flexible foam and other non-foam applications.

The Company competes with BASF, Bayer, Dow, Yantai Wanhua and LyondellBasell.

Performance Products

The Company’s Performance Products segment is organized around three market areas: performance specialties, performance intermediates and maleic anhydride and licensing, and serves a range of consumer and industrial end markets. In performance specialties, it is a global producer of amines, carbonates and certain specialty surfactants. It also produces ethylene glycol (EG), which is used in the production of polyester fibers and polyethylene terephthalate (PET) packaging. The Company is a global licensor of maleic anhydride manufacturing technology and is also the supplier of butane fixed bed catalyst used in the manufacture of maleic anhydride. Its licensing group also licenses technology on behalf of its other businesses. It operates 19 Performance Products manufacturing facilities in North America, Europe, Middle East, India, Asia and Australia. It also produces substituted propylamines. It uses internally produced ethylene, ethylene oxide (EO), ethylene glycol (EG) and propylene oxide (PO) in the manufacture of its amines and carbonates. Its products are manufactured at its Port Neches, Conroe and Freeport, Texas facilities and at its facilities in Llanelli, the United Kingdom; Petfurdo, Hungary; Ankleshwar, India; Jurong Island, Singapore, and Jubail Saudi Arabia. Its amines are used in a range of consumer and industrial applications, including personal care products, polyurethane foam, fuel and lubricant additives, paints and coatings, composites, solvents and catalysts.

The Company’s surfactant products are used in consumer detergent and industrial cleaning applications. It is a producer of components for powder and liquid laundry detergents and other cleaners. In addition, it manufactures and markets a range of mild surfactants and specialty formulations for use in personal care applications. It is producer of linear alkyl benzene (LAB). It also manufactures alkylate, which is used as an additive to lubricants.

The Company competes with BASF, Air Products, Dow, Tosoh, Akzo, Sasol, Petresa, Clariant, Shell, Stepan, Croda, Kao, Lanxess, Flint Hills Resources, Bartek, Ashland, Scientific Design, Ineos and Polynt.

Advanced Materials

The Company’s Advanced Materials segment is a global manufacturer and marketer of technologically advanced epoxy, acrylic and polyurethane-based polymer products. It operates synthesis, formulating and production facilities in North America, Europe, Asia, South America and Africa. It sells customers in the end-markets: civil engineering, consumer appliances, food and beverage packaging, industrial appliances, consumer/do it yourself (DIY), aerospace, digital versatile disks (DVD), liquefied natural gas (LNG) transport, electrical power transmission and distribution, printed circuit boards, consumer and industrial electronics, wind power generation, automotive, recreational sports equipment, medical appliances. Its product range spans from basic liquid and solid resins, to specialty components like curing agents, matting agents, accelerators, cross-linkers, reactive diluents, thermoplastic polyamides and additives. It produces and sells ready to use formulated polymer systems.

The Company’s products are used for the protection of steel and concrete substrates, such as flooring, metal furniture and appliances, buildings, linings for storage tanks and food and beverage cans, and the primer coat of automobile bodies and ships. Base resins and specialty components are also used for composite applications. Its product range comprises basic and advanced epoxy resins, curing agents and other advanced chemicals, additives and formulated polymer systems.

The Company is engaged on engineering adhesives based on epoxy, polyurethane, acrylic and other technologies, which are used to bond materials, such as steel, aluminum, engineering plastics and composites in substitution of traditional joining techniques. Its Araldite brand name has considerable value in the industrial and consumer adhesives markets. Its range of adhesives is sold in a range of packs and sizes and sold through targeted routes to market: general industrial bonding, industry specific and consumer/DIY.

The Company sells a range of advanced formulated adhesives to a range of small-to medium-sized customers, including specialist distributors. It sells its adhesive products on a global basis into industry-specific markets, which include the aerospace, wind turbine, LNG transport, filter bonding, solar cell and other industrial applications markets. It packages and sells consumer adhesives through distribution arrangements with a range of the marketers of consumer/DIY adhesives, such as Vynex, Velcro and Selleys. These products are sold through a range of major retail outlets, often under the Araldite brand name.

The Company competes with Dow, Momentive, BASF, Kukdo, NanYa, Air Products, Arizona, Momentive, Cray Valley, Evonics, DIC, Dow, Mitsui, Sumitomo, Basel, The Woodlands, Panyu, Henkel/Loctite, ITW, National Starch, Sika, 3M, Altana, Momentive, Schenectady, Wuxi, Dexter-Hysol, Hitachi Chemical, Nagase Chemtex, Toshiba Chemical, Coates, Goo, Peters, Taiyo Ink, Tamura, Axson, DSM and Sika.

Textile Effects

The Company’s Textile Effects segment is a global solutions provider for textile chemicals and dyes in its chosen markets. Its textile solutions enhance the color of finished textiles and improve. It operates synthesis, formulating and production facilities in North America, Europe, Asia and South America. It markets multiple products to customers in multiple end-markets, including consumer fashion apparel, sportswear, career and uniform apparel, military, automotive, home textiles and furnishings, carpet and other functional textiles.

The Company offers a range of colors for cotton, polyester and nylon, which cover the range of shades needed for sportswear, intimate apparel, towels, sheeting and casual wear. Optical brighteners and other pretreatment products provide bright white effects for apparel, towels and sheeting. Technical textiles include automotive textiles, carpet, military fabrics, mattress ticking and nonwoven and other technical fabrics. High-lightfast dyes and ultra violet (UV) absorbers are used in automotive interiors and outdoor furnishings to provide colors, which don't fade when exposed to sunlight and heat.

The Company competes with Clariant, BASF, Kiri-Dystar and Longsheng.

Pigments

The Company is engaged in the creation of titanium dioxide solutions. Titanium dioxide is a white inert pigment, which provides whiteness, opacity and brightness to thousands of everyday items, including paints, plastics, paper, inks, food and personal care products. Its TIOXIDE and DELTIO brands are made in its seven manufacturing facilities globally and service over 1,200 customers in practically all industries and geographic regions.

The Company competes with DuPont, Tronox, Kronos and Cristal.

Company Address

Huntsman Corp

500 HUNTSMAN WAY
SALT LAKE CITY   UT   84108
P: +1801.5845700
F: +1302.6555049

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