Singapore, 15 February 2017 - The Textile Effects division of Huntsman Corporation (NYSE: HUN) today announced that the Supreme People’s Court of the PRC rejected Shanghai Colva Dyestuff Industry Co., Ltd. (“Colva”)’s request for a retrial of the patent infringement claim brought by Huntsman.
In earlier decisions, both the Shanghai Intermediate People’s Court and the Shanghai High People’s Court ruled that Colva had infringed Huntsman’s Chinese Patent No. ZL00106403.7 by manufacturing and selling Colvazol Super Black LC-G and Colvazol Super Black LC-R. With the Supreme People’s Court’s decision above, Huntsman has finally prevailed over Colva in this patent infringement action.
In a separate action that is currently pending before the High People's Court, Shanghai, Huntsman is seeking substantial damages of RMB 231 million and an injunction against further infringement from Zhejiang Longsheng Group Co., Ltd. (Stock Exchange No. 600352, Ticker Symbol ”Zhejiang Longsheng”), Zhejiang Keyong Chemical Co., Ltd., and Colva.
Rohit Aggarwal, President o
f Huntsman Textile Effects said: “We are extremely pleased with the Supreme People’s Court’s decision to protect and uphold valuable intellectual property rights of companies. This will spur Huntsman’s ongoing investments in cutting-edge technology to bring new and exciting innovation to our customers and the industry.”
“This favorable and conclusive judicial decision of the Supreme People’s Court sends a strong signal and demonstrates its commitment in safeguarding intellectual property rights of both local and multinational companies in China, ” Mr Aggarwal continues.
Huntsman’s patented technology is a true innovation for producing deep black shades. It is used in Huntsman’s NOVACRON® Super Black G and NOVACRON® Super Black R dyes. Making, using, importing or selling non-Huntsman products that use Huntsman’s patented chemistry is an infringing act.
Christina Koh: +65 6390 648 2 christina_koh@
Elin Lim: +65 6390 6492 firstname.lastname@example.org
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NOVACRON® is a registered trademark of Huntsman Corporation or an affiliate thereof in one or more, but not all, countries.
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Huntsman Corporation is a publicly traded global manufacturer and marketer of differentiated chemicals with 2016 revenues of approximately $10 billion. Our chemical products number in the thousands and are sold worldwide to manufacturers serving a broad and diverse range of consumer and industrial end markets. We operate more than 100 manufacturing and R&D facilities in approximately 30 countries and employ approximately 15,000 associates within our 5 distinct business divisions including the Pigments and Additives division that we intend to spin-off as Venator Materials Corporation. For more information about Huntsman, please visit the company's website at www.huntsman.com
About Huntsman Textile Effects
Huntsman Textile Effects is the leading global provider of high quality dyes and chemicals to the textile and related industries. With operations in
more than 90 countries and seven primary manufacturing facilities in six countries (China, Germany, India, Indonesia, Mexico and Thailand), Huntsman Textile Effects is uniquely positioned to provide prompt and expert technical service wherever our customers are based. 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 durable water repellents, color fastness, sun protection or state-of-the-art dyes which reduce water and energy consumption. For more information about Huntsman Textile Effects, please visit www.huntsman.com/textile_effects.
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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. In addition, the completion of any transactions described in this release is subject to a number of uncertainties and closing will be su
bject 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.