History in the 2000s


2000

Acquisition of Orica's polyurethane business in Australia is concluded.

Jon M. Huntsman gives another $125 million to the Huntsman Cancer Institute to fund ongoing cancer research and to help construct a clinical research hospital.

Huntsman Packaging is sold to Chase Capital Partners and renamed Pliant Corporation.

Peter R. Huntsman is appointed President and CEO; Jon M. Huntsman continues as Chairman.

Huntsman announces global reorganization of the company into four distinct businesses: Huntsman Specialty Chemicals, Huntsman Tioxide, Huntsman Petrochemicals and Huntsman Surface Sciences.

The company completes purchase of the thermoplastic polyurethanes (TPU) business from Rohm and Haas.

Jon M. Huntsman dedicates the new Huntsman Village School in Gyumri, Armenia, the city hardest hit by the 1988 earthquake.


2001

Huntsman doubles its global surfactant business with the purchase of Albright and Wilson's European surfactant business.

Huntsman Cancer Institute breaks ground for state-of-the-art cancer research hospital. Phase II of the Institute to provide integrated care.

2002

Launch of Huntsman's historic new £58 million pigments plant at Greatham, United Kingdom.

Chinese Government approves Huntsman's plan to build MDI plant in Shanghai, China.

2003

Huntsman gains full operational and financial control of the Vantico group and renames it Huntsman Advanced Materials.

2004

Huntsman announces plans to build the world's largest low-density polyethylene (LDPE) manufacturing facility, at Wilton, on Teesside in the U.K.

2005

Huntsman successfully launches an Initial Public Offering of Huntsman shares on the New York Stock Exchange.

2006

Huntsman acquires the global Textile Effects business of Ciba Specialty Chemicals Inc.

Huntsman completes the sale of its UK-based European commodity chemicals business to Saudi Basic Industries Corporation (SABIC).

2007

Huntsman Chemical Company Australia Pty Ltd (HCCA), a part of Huntsman's Base Chemicals and Polymers division, completes the sale of its Polyester Resins (composites) business assets to Nuplex Industries Ltd.

Huntsman stockholders vote to approve the merger agreement with Hexion Specialty Chemicals, Inc. (Hexion).

Huntsman completes the sale of its Base Chemicals business to Flint Hills Resources, LP, an independent, wholly owned subsidiary of Koch Industries, Inc.

2008

Huntsman opens the new Asia Pacific Technology Center (ATC) in Shanghai, providing world class innovation locally. Huntsman and Al-Zamil Group began construction of Arabian Amines Company site in Jubail, Saudi Arabia.

Jon M. Huntsman becomes Executive Chairman.

Huntsman terminates the Hexion merger agreement and settles with Hexion and Apollo for $1 billion.

2009

Huntsman's Textile Effects Division acquires the Baroda Division of Metrochem Industries, marking realignment of Huntsman's manufacturing footprint towards Asia.

Huntsman closes Australian Styrenics operations at West Footscray.

Huntsman Textile Effects completes its strategic reorganization and establishes new headquarters in Singapore.

Huntsman reaches agreement with Credit Suisse and Deutsche Bank to settle Huntsman’s claims against them in connection with Huntsman’s terminated merger agreements with Basell and Hexion. The settlement comprised $1.73 billion in cash and financing, which Huntsman used to reduced debt and enhance liquidity.

 

Pre-'70s --> '70s --> '80s --> '90s --> 2000s --> 2010s

 
 
 
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