The Woodlands, TX -- Huntsman Corporation (NYSE: HUN) announced today that it has extended its agreement with Third Coast Chemicals, Inc. to market and sell Huntsman’s Propylene Glycol and Di-Propylene Glycol.
Under the terms of the agreement, Third Coast will continue to provide marketing services, sales representation, customer service and logistics management to Huntsman’s distributors and non-contract customers in North America. Huntsman will continue to supply and service its contract customers.
David Parkin, Vice President of Performance Intermediates, commented, “Since the fourth quarter of 2002, we have operated through this innovative channel to market for Huntsman’s propylene glycol products. It has provided focused customer service, allowed for wider market reach, and has reinforced Huntsman’s position as a leading glycol supplier in the American market.”
Huntsman is a global manufacturer and marketer of differentiated and commodity chemicals. Its operating companies manufacture basic products for a variety of global industries including chemicals, plastics, automotive, aviation, footwear, paints and coatings, construction, technology, agriculture, health care, textiles, detergent, personal care, furniture, appliances and packaging. Originally known for pioneering innovations in packaging, and later, rapid and integrated growth in petrochemicals, Huntsman today has 11,300 employees, 57 operations in 22 countries and had 2005 revenues of $13 billion.
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 Sec
urities 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. Accordingly, there can be no assurance that the company’s expectations will be realized. The company assumes no obligation to provide revisions to any forward-looking statements should circumstances change, except as otherwise required by securities and other applicable laws.