Huntsman Inaugurates New India Subcontinent Headquarters in Mumbai
MUMBAI, India, Nov. 4, 2014 /PRNewswire/ -- Huntsman Corporation (NYSE: HUN) today inaugurated its new India corporate office, in Andheri, Mumbai. The 220,000 square feet, seven story building will initially house some 300 Huntsman associates, including over 100 technical staff spread across three floors of state-of-the-art laboratory and research facilities.
The ceremony was led by Peter R. Huntsman, President and Chief Executive of the Huntsman Corporation, and was attended by Huntsman officers, associates, customers, suppliers and other key stakeholders.
Commenting on the importance of the new headquarters to Huntsman's ambitions in the Indian subcontinent, Peter R. Huntsman said "This opening is an important milestone in our continued growth and commitment to the Indian market. Our family and employees have been building a business in the Indian subcontinent for over 25 years and today enjoy a strong, profitable and growing organization in excess of $500 million. Our continued success will depend on the quality and creativity of our local associates and this site will enable better technical, customer service, and development opportunities going forward. Many of our products and innovations are unique to the subcontinent's needs. We look forward to seeing continued growth as this market expands."
Paul Hulme, Huntsman Senior Corporate Officer for the region, said "We are looking forward to welcoming customers, suppliers and other business partners to the new premises. I am confident that the investment we have made in facilities and people will stand us in good stead for many years as we continue to develop strong strategic partnerships with our customers and continue to grow our business across all five of Huntsman's business divisions."
Huntsman has sales of approximately $500 million in the subcontinent, and has more than 1,000 associates based in the region. It has manufacturing facilities in Baroda and Ankleshwar in Gujarat, manufacturing textile chemicals and dyes and surfactants, and in Pune, manufacturing polyurethane systems.
Huntsman Corporation is a publicly traded global manufacturer and marketer of differentiated chemicals with 2013 revenues of approximately $13 billion including the acquisition of Rockwood's performance additives and TiO2 businesses. 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 more than 30 countries and employ approximately 15,000 associates within our 5 distinct business divisions. 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 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 laws.
SOURCE Huntsman Corporation
Released November 4, 2014