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.