Huntsman Acquires Production Facility for Intermediates in India     

On June 23rd, Huntsman Corporation announced to acquire the Baroda Division of Metrochem Industries, a manufacturing facility for the production of intermediates and specialty products for textiles, located in Baroda, India, with current annual sales of approximately 2.4 billion rupees.
   With this acquisition, Huntsman is to realign its manufacturing footprint towards Asia where will fuel its growth in the years to come.
   The integration of the Baroda site with Huntsman's existing manufacturing sites in Qingdao and Panyu (China), as well as Mahachai (Thailand), will mark a decisive step in making Asia the principal hub of Huntsman's Textile Effects division and the main manufacturing platform to support the future of the technical textiles industry in the region and ensure its long term global competitiveness.
   Huntsman's Textile Effects division also recently unveiled its new business structure, designed to focus clearly on selected market segments and shifting its center of business to Asia. An important component of the new structure is the recently announced move of the division's global headquarters from Basel to Singapore.