NEWS
07 Dec 12
Huntsman Performance Products and Norchem to Expand Cooperation
Huntsman Performance Products and Zavod Sintanolov planned cooperation

EVERBERG, Belgium -- Huntsman Performance Products and Zavod Sintanolov, a member of the Norchem Group, have announced that they are looking to expand the range of chemistries they produce together in the Russian Federation.

Together the two companies successfully manufacture anionic and amphoteric surfactants that are used primarily to improve the performance of home and personal care products such as detergents, cosmetics, shampoos and shower gels.

Extending their cooperation the partners will now investigate the introduction of new products and technologies for fast-growing industrial markets across Russia and the Commonwealth of Independent States (CIS). This strategic move is designed to leverage Huntsman’s international experience and Norchem’s position as a national producer of surfactants and polyethylene glycols.

The announcement comes as the two companies celebrate three years of working together.

Currently all local production arising from the cooperation takes place at Norchem’s Lanitex Optima 7 manufacturing site near St Petersburg. Under the new arrangement the two companies will look to increase production to include Norchem’s Dzerzhinsk facility.

Huntsman Performance Products is part of Huntsman Corporation. The company has a strong presence in the Russian Federation through Huntsman CIS LLC and its wholly owned manufacturing subsidiary Huntsman-NMG, which is located in Obninsk.

The Norchem Group is the leading manufacturer of different surfactants and polyethylene glycols in the Russian Federation and CIS. It has two chemical manufacturing sites – ‘Zavod Sintanolov’ LLC in the Nizhny Novgorod region and ‘Lanitex Optima-7’ LLC in the St Petersburg area. The headquarters of Zavod Sintanolov / Norchem™ is located in Nizhny Novgorod (Russia).

About Huntsman:
Huntsman is a global manufacturer an d 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.

Forward-Looking Statements:
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.

 

Contact:

Michael Scharf

+32 2 7589884

 


 
 
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