|FOR IMMEDIATE RELEASE
29 April 2020
Huntsman Textile Effects:
Marilyn Chua +65 6390 0339
Elin Lim +65 6390 6492
HUNTSMAN TEXTILE EFFECTS AND PPJ PARTNER TO TAP GROWTH POTENTIAL IN VIETNAM
Singapore - Huntsman Textile Effects and Phong Phu International (PPJ) today announced a strategic partnership agreement that aims to promote PPJ’s growth in Vietnam as a leading manufacturer of sustainable, high-performance textiles and garments for many of the world’s leading brands and retailers.
Vietnam-based PPJ will leverage best-in-class technical support from Huntsman Textile Effects to enhance its manufacturing processes across its denim/twill and knit mills, and develop new products that deliver optimal sustainability along with advanced performance, protection and comfort.
The development of workwear and value-added textile for the American, European and Japan markets, such as innovative textiles with functional finishes will be a key project for the two partners. They will use advanced Huntsman Textile Effects barrier solutions such as PHOBOL®, PHOBOTEX® and ZELAN™, along with other finishing effects.
Huntsman Textile Effects will additionally support PPJ to promote its Sinnika Fabric collection, leveraging Huntsman’s advanced dyeing technology and finishing effects to deliver high-value market-focused solutions to brands and retailers.
Dr. Dang Vu Hung, Chairman
and CEO of PPJ, said, “PPJ was among the first in Vietnam to move away from traditional contract manufacturing and offer innovative designs, green solutions and a vertically integrated supply chain as a one-stop solutions provider. With Huntsman Textile Effects as our technology partner, we look forward to continuing to enhance our capabilities as the preferred supplier to global brands that believe in quality and sustainability.”
The new agreement strengthens a longstanding relationship that has already seen PPJ develop innovative denim, knitwear and woven fabrics and garments using Huntsman Textile Effects technologies including AVITERA® SE dyes, NOVACRON® Atlantic dyes and High IQ® intelligent effects.
“The textile sector is Vietnam’s largest export earner, and PPJ is one of its most impressive success stories,” said Chuck Hirsch, VP of Commercial, Huntsman Textile Effects. “By focusing on innovation and being open to new technology and ideas, PPJ has moved up the value chain and showed others how to succeed on the global stage. We are pleased to continue to support PPJ and help strengthen Vietnam’s reputation for high-quality textile production.”
Huntsman Textile Effects has long been an active supporter of Vietnam’s textile sector. It holds regular seminars and workshops in Vietnam and collaborates with textile mills and apparel manufacturers to help them adopt new technologies and processes that conserve resources, reduce waste and improve productivity
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Huntsman Corporation is a publicly traded global manufacturer and marketer of differentiated chemicals with 2018 revenues of approximately $9 billion. Our chem
ical 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 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, 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 more information about Huntsman Textile Effects, please visit www.huntsman.com/textile_effects.
About Phong Phu International:
Headquartered in Ho Chi Minh City, Phong Phu International (PPJ) is a leading garment and textile manufacturer and exporter in Vietnam. The company was founded in 2007 by consolidation within the Phong Phu Corporation to produce Vietnam-made denim and bottom and knitted fabrics and high-quality jeans wear, workwear, casual wear and knitwear for international markets. PPJ is recognized as a leader in sustainability having Asia’s first Wiser Wash Technology. Incorporating technology with
sustainability has been a mission which has culminated from a humble beginning to 12 factories, 8 laundries, 3 mills and a family of 19,000 employees.
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. The company assumes no obligation to provide revisions to any forward-looking statements should circumstances change, except as otherwise required by applicable laws.