Huntsman has acquired EMA Kimya Sistemleri Sanayi ve Ticaret, an MDI-based polyurethanes systems house in Istanbul,Turkey. As a result of the deal, EMA will become part of Huntsman’s Polyurethanes division and will be known as Huntsman-EMA.
Nick Webster, vice-president of Huntsman Polyurethanes, said: "We are delighted to announce the acquisition of EMA. We have great respect for what the company’s management team has achieved in the Turkish chemical industry and think the EMA business is a great fit with our own. Integrating this business into our polyurethanes portfolio is part of a global strategy to strengthen our presence in markets where economic growth favours polyurethanes consumption.
“In 2010 Turkey’s MDI systems market grew at a rate of 13-15% per annum – one of the highest rates in the world. This development brings strong opportunities in the rigids systems market and we look forward to working with the existing team to boost sales capabilities in expanding regional insulation, automotive, adhesives, coatings, elastomers and furniture industries.”