Huntsman Corp. acquires remaining ownership of Russian joint venture

Huntsman Corp. has acquired the remaining ownership of Huntsman NMG, the Russian joint venture, to give The Woodlands company full ownership.

The announcement was made July 3 and exact terms of the financial agreement were not disclosed.

“The Russian Federation is recognized as an important and fast-growing economy, with double-digit growth rates predicted for polyurethane products,” said Anthony P. Hankins, president of the polyurethanes division. “This investment will give us greater access to the high-value coatings, adhesives and elastomers markets through an established, state-of-the-art operations platform that will enhance our ability to provide differentiated solutions for our customers.”

Huntsman NMG is currently one of the key suppliers of polyurethane systems to the adhesives, coatings and footwear markets in locations such as Russia, Ukraine and Belarus.

Huntsman Corp. is located at 10003 Woodloch Forest Drive.