Adhesives Magazine

Huntsman Acquires Remaining Ownership of Russian Polyurethanes Company

July 10, 2012

Huntsman Corp. recently announced it has acquired the remaining ownership of Russian joint venture Huntsman NMG (HNMG), giving it full ownership of the company. HNMG is a leading supplier of polyurethane systems to the adhesives, coatings and footwear markets in Russia, Ukraine, and Belarus.

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.”

For additional information, visit www.huntsman.com.