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Huntsman Forms PU JV in Russia

9:43 AM MDT | July 27, 2007 | Chemical Week Editorial Staff

Hankins: Focus on developing regions. Huntsman says it has established a new joint venture, ZAO Huntsman (Obninsk, Russia), with polyurethane (PU) manufacturer NMG (Obninsk). Terms were not disclosed. ZAO Huntsman will manufacture and sell PU systems to the adhesives, coatings, elastomers, and insulation markets in Russia and other areas of the former Soviet Union. “This jv marks the latest step in our plan to build strong positions in rapidly developing markets, a key component of our global growth strategy,” says Tony Hankins, president of...

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