Singapore -- Huntsman Textile Effects and ICI Pakistan today entered into a strategic collaboration under which ICI Pakistan will market and distribute Huntsman's wide range of high-quality textile dyes, chemicals, digital inks and services in Pakistan. The collaboration will combine Huntsman Textile Effects’ global experience in downstream marketing, product innovation and product stewardship with ICI Pakistan’s extensive and well established local network of customers and suppliers.
The textile sector accounts for *57% of Pakistan’s exports and 40% of the industrial workforce, but rising costs and tougher global competition are becoming increasing challenges for the industry as a whole. Huntsman Textile Effects and ICI Pakistan through this alliance are fully committed to support the efforts of Pakistan’s Ministry of Textile to boost productivity and sustainability of the sector.
“Sharing a common vision of a stronger textile sector in Pakistan, Huntsman Textile Effects and ICI Pakistan are combining our resources to respond to this important market with greater speed, more flexibility and a higher standard of service. Together, we are in an even stronger position to support customers here and help them produce higher-value products from a cleaner and more modern supply chain,” said Chuck Hirsch, Vice President, Commercial and Technical Resources, Huntsman Textile Effects.
“ICI Pakistan’s commitment to health, safety and environmental sustai
nability is the cornerstone of our operations, and in Huntsman Textile Effects we have found a partner who matches our dedication. As two customer-centric organizations with a passion for innovation, we are set to deliver enduring value for the textile sector by supporting local companies to capture global emerging opportunities,” said Arshaduddin Ahmed, Vice President Chemicals & Agri Sciences Business, ICI Pakistan Ltd.
A division of Huntsman Corporation (NYSE: HUN), Huntsman Textile Effects is a recognized global market leader and innovator in textile dyes and chemicals. It holds 800 enforceable patents and is a champion of sustainability in the industry. It recently strengthened its local capabilities to better support this market, with Syed Daniyal appointed as Business Head for Pakistan, to lead an expanded sales team focused on dyes, chemicals and digital inks.
About ICI Pakistan Ltd
Part of Yunus Brothers Group since 2012, ICI Pakistan has a diversified business portfolio and is a trusted brand in speciality chemicals, serving the textile, agriculture and construction sectors, among other areas. Its Specialty Chemicals plant was established in Karachi in 1968 and modernized and expanded over the years to create a sophisticated manufacturing facility with a reputation for quality and environmental sustainability. It works with global partners, such as Huntsman’s other divisions, to introduce novel solutions and premium products to Pakistan, with a nationwide distribution and support network.
*Textiles Policy 2014-2019, Ministry of Textile Industry, Government of Pakistan
Image caption: Huntsman Textile Effects and ICI Pakistan today entered into a strategic collaboration. Pictured from left: Asif Jooma, CEO, ICI Pakistan Ltd, Chuck Hirsch, Vice President for Commercial and Technical Resources Huntsman Textile Effects, Arshaduddin Ahmed, Vice President Chemicals & Agri Sciences Business, ICI Pakistan Ltd and Rohit Aggarwal, President for Textile Effects.
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Huntsman Corporation is a publicly traded global manufacturer and marketer of differentiated chemicals with 2017 revenues of approximately $8 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 75 manufacturing and R&D facilities in approximately 30 countries and employ approximately 10,000 associates within our 4 distinct business divisions. For more informat
ion 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, chemicals and digital inks 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 mo re information about Huntsman Textile Effects, please visit www.huntsman.com/textile_effects.
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 ar e 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 Commis sion. 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 re
lease 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.