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Section: Polyurethanes
  • Written on 02.01.2012 - Industry
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Huntsman announces acquisition of Turkish PU systems house

Huntsman announced on 30 December 2011 that it has acquired EMA Kimya Sistemleri Sanayi ve Ticaret A.S., a polyurethanes systems house in Istanbul, Turkey.

It has the capacity to manufacture polyester polyols and blend MDI PU systems used primarily in the insulation, automotive, adhesives, coatings, elastomers and furniture industries. 2010 revenues were approximately USD 17 million.

Commenting on the sale, Anthony P. Hankins, President of Huntsman’s Polyurethanes division, said: "We are pleased with the acquisition of EMA. This acquisition is part of our global strategy to strengthen our presence in key growth markets.  In 2010, Turkey's MDI polyurethane systems grew at a rate of 13-15%.  We look forward to leveraging this demand and providing a broader product offering to customers in this region."


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