Huntsman Textile Effects Drives Higher Sustainability Partnerships for Sri Lankan Textile Industry with MAS Holdings
Singapore - Huntsman Textile Effects (TE) held a joint seminar with MAS Holdings recently that aims to address the tough challenges the textile industry is facing in meeting with stricter regulations that govern both the sustainable and environmental business practice.
Besides advocating and encouraging for greater economic and environmental sustainability, the “Partnership Towards Sustainability” seminar held on Nov.18, 2011 at Taj Samudra, Colombo, also focused on partnership approaches on how the industry can work together with leading global textile solutions providers like Huntsman and MAS to create a better environmental future.
This seminar proved opportune for the Sri Lankan textile industry as it gears itself increasingly towards creating a vibrant and conducive environment for sustainable, commercially competitive manufacturing entities, capable of producing high value-added products to enhance living standards.
Remarked Mr Kent Kvaal, Vice President, Sales and Technical Resources of Huntsman Textile Effects, “Huntsman Textile Effects believes that innovative technology is the key to offering better service and in driving environmental sustainability to make a real global difference. It is our objective to work in true partnership with the Sri Lankan textile industry and partners like MAS Holdings to further our efforts in providing total textile solutions that will deliver higher economic and environmental sustainability for the local textile mills. We certainly look forward to more of such joint opportunities and a successful partnership that contributes to a greener environment.”
Added Mr. Chelan Goonetilleke, CEO of MAS Active Linea Intimo, “Huntsman Textile Effects, being an innovative partner, has taken the right steps to build sustainable partnerships within Sri Lanka. This association has now created a new benchmark in sustainability and differentiation for this dynamic market which will go towards
strengthening the confidence and business relationship between the two groups”.
MAS Holdings is South Asia’s largest intimate apparel manufacturer and the region’s most rapidly growing provider of competitive sportswear, serving numerous global brands including VS, Nike, Speedo, Marks & Spencer (M&S), Decathlon, Lulu lemon, Adidas & Triumph International. The group also provides a range of non apparel related solutions to other companies.
Huntsman Textile Effects is the global leader in developing total textile solutions across all aspects of the textile chain and is committed as the global leader in developing sustainable, high performing processing and effects chemicals that have low environmental impact with significant reductions in energy and time.
Wai Lin Tan: +60 12 2009649
Mindy Chee: +65 9875 4380
About Textile Effects
Huntsman Textile Effects is the leading global provider of high quality dyes and chemicals to the textile and related industries. Research, innovation and sustainability are at the heart of what we do and we use cutting edge technology to develop innovative solutions to create innovative products and technologies with intelligent effects, such as built in freshness, sun protection or state-of-the-art dyes to reduce water and energy consumption, meeting the needs of our customers and supporting a more sustainable environment. With operations in 110 countries and 14 primary manufacturing facilities worldwide in twelve countries (China, Columbia, Germany, Guatemala, India, Indonesia, Mexico, Pakistan, Thailand, Turkey, Switzerland, USA), Huntsman Textile Effects is uniquely positioned to provide fast and expert technical service wherever our custo
mers are based.
Huntsman is a global manufacturer and marketer of differentiated chemicals. Our operating companies manufacture products for a variety of global industries, including chemicals, plastics, automotive, aviation, textiles, footwear, paints and coatings, construction, technology, agriculture, health care, detergent, personal care, furniture, appliances and packaging. Originally known for pioneering innovations in packaging and, later, for rapid and integrated growth in petrochemicals, Huntsman has approximately 12,000 employees and operates from multiple locations worldwide. The Company had 2010 revenues of over $9 billion. For more information about Huntsman, please visit the company's website at www.huntsman.com.
Statements in this release that are not historical are forward-looking statements. These statements are based on management's current beliefs and expectations. The forward-looking statements in this release are subject to uncertainty and changes in circumstances and involve risks and uncertainties that may affect the company's operations, markets, products, services, prices and other factors as discussed in the Huntsman companies' filings with the U.S. Securities and Exchange Commission. Significant risks and uncertainties may relate to, but are not limited to, financial, economic, competitive, environmental, political, legal, regulatory and technological factors. The company assumes no obligation to provide revisions to any forward-looking statements should circumstances change, except as otherwise required by applicable laws.