Huntsman Textile Effects - Driving Value Creation and Environmental Standards for Bangladesh’s Textile Market
Singapore – Huntsman Textile Effects is leading the way by proactively engaging textile mills and brands in Bangladesh to reduce environmental footprint and to drive sustainable excellence to compete in the global market.
Raking in $20 billion annually, the Bangladesh’s textile industry is the world's second-largest apparel exporter after China. The industry also accounts for 17% of Bangladesh’s Gross Domestic Product (GDP), with more than three-quarters of its total exports heading to Europe and the US.1
Like many textile mills and brands around the world, the Bangladesh textile industry is grappling to meet the pressing demands from environmental laws and increasing pressures from non-governmental organizations (NGOs), particularly in the areas of water pollution and the discharge of hazardous chemicals. In what experts describe as a water pollution disaster in one of the world’s most densely populated and environmentally fragile places, its city’s river systems in Dhaka have reached alarming levels, threatening agriculture, fisheries and public health.
A leading global leader in developing sustainable, high performing processing and effects chemicals that have low environmental impact, Huntsman Textile Effects recently co-organized a customer event entitled ‘Innovation for Economic and Environmental Sustainability’ with its local agent, Swiss Colours.
Held on August 28, the event brought together more than 1,000 representatives from textile mills, brands, retailers, NGOs and academic institutes to discuss the challenges and opportunities they collectively face in the apparel industry. Covering a multitude of issues ranging from the Joint Roadmap towards Zero Discharge of Hazardous Chemicals (ZDHC) and innovative environment products and solutions to meet the industry’s toughest challenges, each topic was designed to help create value-add for the respect
ive tex tile segments.
“The seminar couldn’t have come at a better time. The contents are comprehensive, insightful and up-to-date, providing textile stakeholders with an excellent overview of some of the industry’s challenges and Huntsman’s expertise and technical know-how. Huntsman’s R&T capabilities along with its innovative products and solutions further boosted our confidence that Huntsman is the Go-To Partner to help us meet our environmental targets,” commented Mr. Mahbubul Alam, Executive Director, Masco Group.
“Creating a sustainable textile value chain is one of the top priorities in the textile industry. As one of the global leaders in addressing industry challenges with sustainable products and solutions meeting economic and ecological needs, Huntsman Textile Effects is committed and well positioned to help the industry address these challenges. Huntsman will continue to invest and collaborate with various stakeholders in Bangladesh to help the industry minimize their environmental footprint and to meet sustainability targets to compete in the global market,’ added Steve Gray, Global Vice President, Strategic Marketing and Planning.
Asia is a key growth market for Huntsman Textile Effects. In the last few years, Huntsman Textile Effects have invested $100M in the region. These include world-class distribution centers and facilities located in China, Pakistan and most recently, a $17.5 million synthesis plant in Thailand. In addition, a state-of-the-art research laboratory in Mumbai was also established to complement its established research facilities in Panyu, China.
These measures firmly positions Huntsman Textile Effects as a truly competitive global and regional dyes and chemical manufacturer and demonstrate its confidence in the growth of the textile industry in Asia.
Note: In support of the Joint Roadmap: Towards Zero Discharge of Haz
ardous Chemicals, Huntsman Textile Effects has developed a list of dyes and chemicals which do not intentionally contain any of these priority chemical groups and therefore can be used to supply textiles to companies that have signed up to the ‘roadmap’. The lists are available at: http://www.huntsman.com/textile_effects/a/Home/Living%20Sustainability/Positive%20Lists%20and%20ZDHC%20Joint%20Roadmap%20v2
1 Reuters News, 4 May 2013: http://www.reuters.com/article/2013/05/04/us-bangladesh-factory-idUSBRE94304420130504
Christina Koh +65 6390 6482
Mindy Chee: +65 6390 6492
About Huntsman Textile Effects
Huntsman Textile Effects is the leading global provider of high quality dyes and chemicals to the textile and related industries. Sustainability, innovation and collaboration are at the heart of what we do. We use cutting edge technology to develop solutions and create innovative products with intelligent effects such as built-in freshness, sun protection or state-of-the-art dyes which reduce water and energy consumption. All these go toward meeting the needs of our customers in supporting a more sustainable environment. With presence in more than 90 countries including eight primary manufacturing facilities in seven countries (China, Germany, India, Indonesia, Mexico, Thailand, Switzerland) and 14 Formulation Distribution Centers across 12 countries, Huntsma
n Textile Effects is uniquely positioned to provide fast and expert technical service wherever our customers 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 2011 revenues of over $11 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.