Profile: Huntsman Corp (HUN.N)
Huntsman Corporation, incorporated on October 19, 2004, is a manufacturer of differentiated organic chemical products and of inorganic chemical products. The Company operates all of its businesses through its subsidiary, Huntsman International LLC (Huntsman International). The Company operates through five segments: Polyurethanes, Performance Products, Advanced Materials, Textile Effects, and Pigments and Additives. Its Polyurethanes, Performance Products, Advanced Materials and Textile Effects segments produce differentiated organic chemical products and its Pigments and Additives segment produces inorganic chemical products. The Company's products consist a range of chemicals and formulations, which it markets to a group of consumer and industrial customers. The Company's products are used in a range of applications, including those in the adhesives, aerospace, automotive, construction products, personal care and hygiene, durable and non-durable consumer products, digital inks, electronics, medical, packaging, paints and coatings, power generation, refining, synthetic fiber, textile chemicals and dye industries. Its product lines include methylene diphenyl diisocyanate (MDI), amines, surfactants, maleic anhydride, epoxy-based polymer formulations, textile chemicals, dyes, titanium dioxide and color pigments. The Company produces differentiated organic and inorganic chemical products.
The Company is a manufacturer and marketer of a range of polyurethane chemicals, including MDI products, propylene oxide (PO), polyols, propylene glycol (PG) and thermoplastic polyurethane (TPU). As of December 31, 2016, the Company operated five polyurethane manufacturing facilities in the United States, Europe and China. As of December 31, 2016, the Company also operated a specialty polyol manufacturing facility focused on the insulation market and three downstream TPU manufacturing facilities in the United States, Europe and China. Its polyurethane products include insulation in construction and appliances, cushioning for automotive and furniture, adhesives, wood binders for construction and furniture, footwear and other specialized engineering applications.
The Company also processes PO into derivative products, such as polyols for polyurethane products and PG. 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. It also produces methyl tert-butyl ether (MTBE) as a co-product of its PO manufacturing process.
The Company, through its Performance Products segment, is engaged in the manufacture and sale of amines, surfactants and maleic anhydride and serves a range of consumer and industrial end markets. Its product families include Amines; Maleic Anhydride, including catalyst and licensing; Surfactants, including linear alkyl benzene (LAB), and Upstream Intermediates. It produces a range of amines, which are sold into specialty markets, such as epoxy curing agents, oil exploration and production, agrochemicals, and fuel and lubricant additives. The Company is a licensor of maleic anhydride manufacturing technology and also the supplier of butane fixed bed catalyst used in maleic anhydride manufacturing. It consumes internally produced and third-party-sourced base petrochemicals in the manufacture of its surfactants, LAB and ethanolamines products. It produces a range of surfactants, which are primarily used in detergency, personal care, agrochemical, oilfield and industrial applications. It manufactures LAB for use as an intermediate in laundry detergents. It also uses internally produced and third-party-sourced base petrochemicals to produce ethylene glycol (EG), which is primarily used in the production of polyester fibers, polyethylene terephthalate (PET) packaging and antifreeze.
As of December 31, 2016, the Company operated 14 Performance Products manufacturing facilities in North America, Europe, the Middle East, Asia and Australia. The Company also produces polyetheramines, 2-(2-amino ethoxy) ethanol, which is sold under its DGA brand; ethyleneamines and morpholine, and ethanolamines. It also produces propylene carbonate and ethylene carbonate in North America. Its amines are used in a range of industrial applications, including composites, paints and coatings, polyurethane foam, fuel and lubricant additives, and solvents. The Company is a manufacturer of nonionic, anionic, cationic and amphoteric surfactants products. It also offers specialty surfactant products for use in various industrial applications, such as leather and textile treatment, and foundry and construction.
The Company consumes its internally produced ethylene oxide (EO) to produce three types of EG: mono-ethylene glycol (MEG), di-ethylene glycol (DEG) and tri-ethylene glycol (TEG). MEG is consumed primarily in the polyester (fiber and bottle resin) and antifreeze end markets and is also used in a range of industrial applications, including synthetic lubricants, plasticizers, solvents and emulsifiers. DEG is consumed internally for the production of Morpholine and DGA Agent and polyols. TEG is used internally for the production of polyols and is sold into the market for dehydration of natural gas.
The Advanced Materials segment manufactures and markets epoxy, acrylic and polyurethane-based polymer products. It focuses on formulations and systems for various industrial and consumer applications. It operates synthesis, formulating and production facilities in North America, Europe, Asia, South America and Africa. It sells in the primarily end markets, such as aerospace, automotive, liquid natural gas transport, coatings and construction, printed circuit boards, consumer and industrial electronics, consumer and industrial appliances, wind power generation, consumer/do it yourself (DIY), electrical power transmission and distribution, recreational sports equipment, medical appliances, and food and beverage packaging.
The Advanced Materials segment is a supplier of materials for the fabrication and repair of aircraft components. The Company offers a range of materials to the aerospace market under the ARALDITE, EPIBOND, EPOCAST and URALANE brands. It is a supplier of insulating materials for motors, generators, switchgears, distribution and instrument transformers, and insulators and bushings for utility and industrial applications.
The Textile Effects segment is a solutions provider in the wet processing of textiles across pretreatment, coloration, printing and finishing. It provides a portfolio of textile chemicals, dyes and digital inks. Its textile solutions provide color and enhance the fashion, durability and performance of finished textiles, including functionality, such as wrinkle resistance, and water and stain repellence. As of December 31, 2016, the Company operated 13 synthesis and formulation production sites in Asia, Europe and the United States. It owns a portfolio of textile chemical brands, such as PHOBOTEX, UVITEX and PYROVATEX. It owns a portfolio of dye brands, such as AVITERA, NOVACRON, LANASOL, TERASIL, ERIOFAST, TERATOP and NOVASOL. It also owns a portfolio of digital inks brands, such as LANASET and LYOSPERSE.
Pigments and Additives
The Pigments and Additives segment manufactures titanium dioxide, functional additives, color pigments, timber treatment and water treatment products. As of December 31, 2016, its Pigments and Additives segment had 27 manufacturing facilities operating in 10 countries with a total production capacity of approximately 1.3 million metric tons per year. As of December 31, 2016, the Company operated eight titanium dioxide manufacturing facilities in Europe, North America and Asia and 19 color pigments, functional additives, water treatment and timber treatment manufacturing and processing facilities in Europe, North America, Asia and Australia.
As of December 31, 2016, the Company owned a portfolio of brands, including TIOXIDE, HOMBITAN, HOMBITEC, UVTITAN and ALTIRIS used in connection with materials, which are produced in its eight manufacturing facilities around the globe. Its products are sold under a portfolio of brands used in connection with items that are targeted to the construction sector, such as DAVIS COLORS, GRANUFIN and FERROXIDE, as well as brands, such as HOLLIDAY PIGMENTS, COPPERAS RED and MAPICO used for products focused on the coatings and plastics sectors. Its products are also used by manufacturers of colorants, rubber, paper, cosmetics, pet food, digital ink, toner and other industrial uses. It manufactures wood protection chemicals used primarily in residential and commercial applications. It manufactures its water treatment chemicals in Germany, and these products are used to improve water purity in industrial, commercial and municipal applications. The Company also supplies polyaluminium chloride (PAC) in Europe.
The Company competes with BASF, Covestro, Dow, Wanhua Chemical Group, LyondellBasell, Air Products, Tosoh, AkzoNobel, Lanxess AG, Flint Hills Resources, Bartek, Polynt, Ashland, Scientific Design, Ineos, Clariant, Shell, Stepan, Croda, Sasol, Petresa, Mitsui, Sumitomo, Wakayama Seika, 3M, Henkel Loctite, Olin, Hexion, Swancor, Wells, Nagase, Altana, Wuxi Bluestar, Shanghai Xiongrun, Dexter-Hysol, Hitachi Chemical, Nagase Chemtex, Toshiba Chemical, Peters, Taiyo Ink, Tamura, Sun Chemicals, NanYa, Kukdo, Versum, Evonik, Cray Valley, Allnex, Archroma, Kiri-Longsheng, Runtu, Jihua, Transfar, CHT, Kiian/Jteck/Sawgrass, Sensient, DuPont, Chemours, Tronox, Kronos, Cristal, Fuji Titanium Industry, Precheza, Cathay Pigments Group, Ferro Corporation, Shanghai Yipin Pigments Co., Ltd., Solvay S.A., Sakai Chemical Industry Co., Ltd., 20 Microns Ltd., Lonza Group, Koppers, Kemira and Feralco.
10003 Woodloch Forest Dr
THE WOODLANDS TX 77380-1913
Company Web Links
- BRIEF-Huntsman identifies improving business conditions in Q1 2017 provides restart time-line for Pori, Finland pigment facility
- BRIEF-Fluor's Stork secures new five-year maintenance contract with Huntsman
- BRIEF-Huntsman announces intention to close remaining operations at its titanium dioxide facility in France
- BRIEF-Huntsman receives private letter ruling from IRS allowing it to retain 40 pct stake in spin-off of Venator Materials Corp
- BRIEF-Huntsman Corp Q4 income per share $0.53