Switzerland-based Huntsman Textile Effects – a manufacturer of chemicals and dyes for finished
textiles and materials, and a division of Huntsman Corp. – has announced its headquarters
will relocate to Singapore from its current site in Basel
(see ”
Huntsman
Completes Primary Organizational Changes In Textile Effects Division,” Feb. 17, 2009). The
move is part of the division’s restructuring initiatives and will contribute to its new global,
market-focused organization.
“This is an important strategic decision,” said Paul Hulme, president, Huntsman Textile
Effects. “The relocation of the divisional headquarters and its leadership team is the next
important step in our restructuring program and will ensure that the business is fully aligned to
market trends and customer needs.”
“Geographically, Singapore is an ideal location from which to serve the markets in China,
India and Southeast Asia, but also allows us to continue to serve and grow our business in Europe
and the Americas,” added Hulme. “Singapore was chosen from a number of possible locations,
primarily because of its proximity to our key growth markets, the excellent international business
environment encouraged by the Singapore Economic Development Board, and the availability of the
high quality professionals that will be critical to the continued growth of our global business.”
The Textile Effects leadership team is expected to move by mid-year, when it will relocate to
Huntsman (Singapore) Pte. Ltd.’s location at the Gateway Center. The Basel site will continue to
operate as a major manufacturing, research and technology, and European customer service location
for Textile Effects. The headquarters for Huntman’s Advanced Materials division also will be
located in Basel.
March 3, 2009