United States-based Huntsman Corp. has acquired India-based Metrochem Industries Ltd.’s Baroda
Division, which produces intermediates and specialty products for textiles, for an undisclosed
price. The division comprises more than 700 employees and contractors and has annual sales of
approximately 2.4 billion rupees.
“This acquisition is a major milestone in our strategy,” said Paul Hulme, president,
Huntsman’s Switzerland-based Textile Effects division (TE). “With this move, we are realigning our
manufacturing footprint towards Asia, the region that will fuel our growth in the years to come.”
July/August/September 2009