The Woodlands, Texas – Huntsman Corporation (NYSE: HUN) announced today that its VITROX® Composite Resins product has received the Center for the Polyurethanes Industry’s (CPI) 2012 Polyurethane Innovation Award. This award recognizes companies and individuals whose dedicated efforts bring new products, technologies and initiatives to the marketplace.
Attendees at the opening session of the 2012 Polyurethanes Technical Conference, which ran from Sept. 24 to 26 in Atlanta, were given the opportunity to vote for one award finalist. The winner was announced during the closing session.
“There is no greater honor than to be recognized as an innovator among such an impressive group of our peers," said Keith Day, Vice President Global Business Development, Huntsman Polyurethanes. "We look forward to continuing to provide the industry and our customers with innovative products and solutions. VITROX Composite Resins are the world's first polyurethanes-based pipe repair resins used in a cure-in-place pipe application. This process is more affordable and efficient compared to traditional waste water pipe repair methods."
During the cure-in-place pipe (CIPP) installation, a resin-saturated felt liner made of polyester is inverted into a damaged pipe using compressed air or water. Steam or hot water is then applied to the saturated liner, aiding the resin to cure, which allows a seal to be created inside the damaged pipe. This process allows significant time and cost-savings in the repair of broken waste water pipes. VITROX Composite Resins provide an adjustable pot life, a long handling window and fast curing time.
For the 2012 Polyurethane Innovation Award, judges evaluated and scored all entries based on the impact on the polyurethanes industry, uniqueness of the innovation, quality of the science and societal impact.
Huntsman Polyurethanes is a global leader in providing MDI-bas
ed polyurethanes solutions across an extensive range of applications and market sectors. Its products deliver key benefits, such as high performance insulation, comfort, adhesion, protective coatings and more.
For questions about VITROX resins, please email email@example.com.
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. In addition, the completion of any transactions described in this release is sub
ject to a number of uncertainties and closing will be subject to approvals and other customary conditions. Accordingly, there can be no assurance that such transactions will be completed or 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 applicable laws.
VITROX® is a registered trademark of Huntsman Corporation or an affiliate thereof in one or more, but not all, countries.