Huntsman Corp. recently announced it has acquired EMA Kimya Sistemleri Sanayi ve Ticaret A.S., a polyurethanes systems house in Istanbul, Turkey. EMA reportedly has the capacity to manufacture polyester polyols and blend MDI polyurethane systems used primarily in the insulation, automotive, adhesives, coatings, elastomers, and furniture industries. The company had 2010 revenues of approximately $17 million.
“We are pleased with the acquisition of EMA,” said Anthony P. Hankins, president of Huntsman’s Polyurethanes division. “This acquisition is part of our global strategy to strengthen our presence in key growth markets. In 2010, Turkey’s MDI polyurethane systems grew at a rate of 13-15%. We look forward to leveraging this demand and providing a broader product offering to customers in this region.”
For more information, visit www.huntsman.com