Huntsman Textile Effects And Genencor Collaborate To Bring Innovation In Sustainability To The Textile Industry
Basel, Switzerland and Palo Alto (Ca.), United States -September 23, 2008
– In a move to underline both companies’ commitment to more sustainability in the textile industry, Genencor, a division of Danisco A/S and Huntsman Textile Effects have signed an agreement to jointly develop sustainable textile processing solutions.
Both Genencor and Huntsman have a long-standing history in the textile industry. Huntsman Textile Effects is a global player and market leading supplier of dyes, chemicals and innovative solutions for textile processing, and Genencor focuses on discovering, developing, and delivering highly innovative, eco-friendly, efficient enzyme technologies.
“We are excited to have signed this agreement,” said Stephen Gray, Vice President of Research &Technology at Huntsman Textile Effects. “We are constantly striving to develop new technology platforms that will improve fabric performance and reduce energy and water consumption for the textile industry. With Genencor, we have found a partner that shares that vision to address this global demand.”
Glenn Nedwin, Executive Vice President Technical Enzymes at Genencor concurs, saying “in our opinion, this joint effort can contribute greatly towards making the textile industry more sustainable. Through this collaboration we aim to reduce the use of harsh chemicals and high energy levels, thereby opening up new markets for biodegradable ingredients that require milder processing conditions.
Genencor enzymes have a proven track record in many textile processes and with this joint effort the industry can expect more from Genencor’s textile portfolio.”
This collaboration is certain to be a fruitful one not just for the textile industry but for the environment as a whole. First results
from this joint effort can be expected shortly, as Huntsman and Genencor are scheduled to announce the launch of a new, innovative product later this year.
Huntsman is a global manufacturer and marketer of differentiated chemicals. Its 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 today has 13,000 employees and operates from multiple locations worldwide. The Company had 2007 revenues of approximately $10 billion. For more information about Huntsman, please visit the company’s website at www.huntsman.com.
Genencor, a division of Danisco A/S, is a world leader in industrial biotechnology and a pioneer in enzyme innovation. Genencor improves process and product performance for a spectrum of industries, from biofuels and laundry detergents to animal nutrition and food. As part of a large global organization, Genencor’s manufacturing and distribution network spans more than 40 countries. In collaboration with customers, technology leaders and other stakeholders, Genencor supplies competitive, biobased solutions. These innovations create value throughout the supply chain, from raw material to finished product, while building the low-carbon economy.
Forward Looking Statements:
Statements in th
is 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 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 law.
Loraine Stantzos, tel: +41612990661
Francis Stalder, tel: +31715686304