Enriching lives through innovation
With Headquarters in The Woodlands, on the north of Houston, Texas, USA, Huntsman is a chemical company listed in the New York Stock Exchange and operating 75 production units in 30 countries with about 12,000 employees.
Jon Huntsman established the Huntsman Container Corporation in 1970 in Fullerton, California.
At that time the purpose of the company is to use the emerging plastic materials to create new packaging for the food industry such as eggs.
Using the flexibility of the plastic materials Huntsman grew up in creating attractive packaging allowing advertisings.
In 1974, Huntsman invents the “clamshell” to contain the famous McDonald’s Big Mac and other fast-food containers.
Huntsman also created the first plates and bowls in plastics.
In 1982, to control the costs and the technology of the packaging, Huntsman decided to move upstream along the hydrocarbon products chain to register Huntsman Chemical Corporation in Salt Lake City, in Utah.
Since then Huntsman continued to build success through 30 acquisitions of specialties from large chemical groups to become a global company.
In 2000, Huntsman Packaging is spin off to concentrate remaining activities on differentiated chemicals for diversified industries such as plastics, automotive, aviation, textiles, footwear, paints and coatings, construction, technology, agriculture, health care, detergent, personal care, furniture, appliances and packaging.
As a result, Huntsman’s business model is structured around five business divisions:
– Performance Products
– Advanced Materials
– Textile Effect
Through this organization Huntsman maintains its market leadership on a large portfolio covering: methane diisocyanate, polyurethane catalysts, epoxy adhesives, epoxy powder coating systems, aerospace composites, electrical insulating materials, textile effect chemicals, polyetheramines, ethylene and propylene carbonates and maleic anhydride.
ARALDITE is one of these famous brands of high added value chemical products developed by Huntsman.
Huntsman Key Figures
– 2010 Revenues: $9,2 billion
– 2009 Revenues: $7,6 billion
– 2011 Earnings: $0,25 billion
– 2010 Earnings: $0,03 billion
– 2009 Earnings: $0,1 billion
– 2011 Capital Expenditure: $0,32 billion
– 2010 Capital Expenditure: $0,2 billion
– 2009 Capital Expenditure: $0,18 billion
Huntsman Projects and Business Highlights
With more than 5,000 patents, Huntsman is building up its market leadership on:
– Focused sectors
– Strategic alliances
In the painting and coating branch, Huntsman is developing pigments to prevent sun rays effects by selective reflection to reduce cooling power consumption and maintenance costs.
But Huntsman is now targeting 60 to 70% recovery rate in using specific surfactants combined with other chemical specialties which can sustain high pressure, high temperature, high saline environments.
Therefore Huntsman will be more and more active in the upstream sector.
In China, Huntsman will form a joint venture with Sinopec to build and operate a world-scale Propylene Oxide (PO) and Methyl Tertiary Butyl Ether (MTBE) facility in Nanjing, in the Jiangsu Province.