Huntsman and Associates Donate $210,000 for Earthquake Relief in Turkey
THE WOODLANDS, Texas, April 4, 2023 /PRNewswire/ -- Huntsman Corporation (NYSE: HUN) today announced that it has donated $140,200 to several nonprofit organizations assisting with earthquake relief in Turkey, where the company's Polyurethanes business operates a specialty systems facility in Istanbul. The company donation is in addition to $70,100 contributed by Huntsman associates worldwide. With the company double-matching the employees' donations, the combined total impact toward earthquake relief is more than $210,000.
"Our teams always come together to help others when crisis strikes," said Chairman, President and CEO Peter Huntsman. "The compassion and generosity of our associates are key elements that define us as a company."
In February, after the earthquake struck and after confirming that our employees in Turkey were safe, Huntsman encouraged associates globally to support ongoing relief efforts, promising a company match for any funds given. Associates donated $70,100 to various charities, including the International Federation of Red Cross and Red Crescent Societies, Doctors Without Borders (Médecins Sans Frontières), and the AKUT Search and Rescue Association. The company then donated $2 for every dollar an associate donated, or $140,200, for a combined total donation of $210,300.
Gülüm Selen Kabil, Director of European Downstream Entities for Huntsman's Polyurethanes division, praised the generosity of her fellow colleagues throughout the world.
"This tragedy will be felt by families for years to come," Kabil said. "But we are committed to supporting our Huntsman associates and the Turkish people during this time of great need, as the country begins on the path to recovery from this devastating event."
Huntsman Corporation is a publicly traded global manufacturer and marketer of differentiated and specialty chemicals with 2022 revenues of approximately $8 billion from our continuing operations. 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 60 manufacturing, R&D and operations facilities in approximately 30 countries and employ approximately 7,000 associates within our continuing operations. For more information about Huntsman, please visit the company's website at www.huntsman.com.
Certain information in this release constitutes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. 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 under the caption "Risk Factors" 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, volatile global economic conditions, cyclical and volatile product markets, disruptions in production at manufacturing facilities, reorganization or restructuring of Huntsman's operations, including any delay of, or other negative developments affecting the ability to implement cost reductions, timing of proposed transactions, and manufacturing optimization improvements in Huntsman businesses and realize anticipated cost savings, and other 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.
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SOURCE Huntsman Corporation
Released April 4, 2023