Talk:Huntsman Corporation/Archives/2015

Acquisition of Rockwood's Performance Additives and Titanium Dioxide Businesses

Huntsman acquired the Performance Additives and Titanium Dioxide (TiO2) businesses of Rockwood Holdings, Inc. on Oct. 1, 2014.

The following businesses were acquired from Rockwood:

Performance Additives
• Functional additives made from barium and zinc based inorganics used to make colors more brilliant primarily in plastics, coatings, films, food, cosmetics, pharmaceuticals and paper
• Color pigments made from synthetic iron-oxide and other non- TiO2 inorganic pigments used by manufacturers of coatings and colorants
• Timber treatment wood protection chemicals used primarily in residential and commercial applications.
• Water treatment products used to improve water purity in industrial, commercial and municipal applications
• Specialty automotive molded components

TiO2
• Titanium dioxide, a white pigment derived from titanium bearing ores with strong specialty business in fibers, inks, pharmaceuticals, food and cosmetics

Huntsman paid approximately $1 billion in cash and assumed certain unfunded European pension liabilities.

I'm afraid I don't see how the change in the lead to add the businesses is necessary when they are listed in the section below. As for the change of revenue, I need an exact source to change it. Currently, the site's about us page states that their revenues are at $11 billion as of 2013 so I need a source rather than your own evidence. I understand that the other link you gave does state they are at $13 billion but if you find me another more reliable, third-party source I would feel more comfortable changing it. SamWilson989 (talk) 00:28, 12 January 2015 (UTC)

Updated information for intro, company info box and business segments

Hello, I'd like to suggest a few updates to the intro, company info, and business segments section to include more recent information and eliminate repetition. As an employee of Huntsman, I cannot make edits myself so would appreciate someone taking a look! Lstewhou (talk) 15:40, 18 May 2015 (UTC)

Company info box

More recent numbers are available for the company info box as follows.

Revenue: US$ 12.723 billion (2014) Operating income: US$ 633 million (2014) Net income:US$ 478 million (2014) Total assets: US$ 11.002 billion (2014) Number of employees: 15,000

Intro paragraph

For the final sentence of the intro paragraph, I propose the following updates which are in line with the previous.

...they operate more than 100 manufacturing and R&D facilities in over 30 countries and employ approximately 15,000 associates across 5 business divisions. Huntsman Corporation had 2014 revenues of over $12 billion.

Business segments

To reflect a change in the name of the business segment at Huntsman and to provide the reader with more information about the uses of titanium dioxide which are referenced on related page, I suggest the Pigments section be amended as follows:

Pigments and Additives is a manufacturer of titanium dioxide pigments and additives used to add performance and color to items such as paints, inks, plastics and concrete to cosmetics, pharmaceuticals and food.

I also suggest the below section be deleted as the Polyurethanes segment is already listed earlier in the article:

Polyurethanes is providing MDI-based polyurethane solutions across a variety of market sectors. Used in an extensive range of applications - from comfort seating and sound insulation in cars, to thermal insulation and composite wood products in buildings.

Looks completely fine to me! Thanks, SamWilson989 (talk) 17:24, 1 June 2015 (UTC)

Many thanks, I've made the edits as approved by you! Lstewhou (talk) 10:20, 15 June 2015 (UTC)

History

The Huntsman Corporation was initially founded as the Huntsman Container Corporation in 1970 by Jon Huntsman, Sr. It went public as the Huntsman Corporation on the New York Stock Exchange NYSE: HUN in February 2005. Huntsman has grown through a series of acquisitions (with some divestitures) and today is a manufacturer and marketer of differentiated chemical products.

In April 1994, Huntsman acquired the Texaco Chemical company for $1.06 billion. Texaco Inc. agreed to sell its last remaining petrochemicals plant to Huntsman in 1999 for about $600 million.

The Huntsman Corporation became the then third-largest petrochemical business in the United States when in 1999, it acquired Imperial Chemical Industries' polyurethanes, titanium dioxide, aromatics and petrochemical global businesses for $2.8 billion.

Huntsman also acquired the Performance Additives and Titanium Dioxide (TiO2) businesses of Rockwood Holdings, Inc. on Oct. 1, 2014 to become the second-largest global producer of titanium dioxide and inorganic color pigments for uses like paints and industrial coatings. Huntsman paid approximately $1 billion in cash and assumed certain unfunded European pension liabilities.

Business segments

For the business segments section I propose the following changes to four of the five segments which reflect the current situation at Huntsman:

Advanced Materials is a supplier of synthetic and formulated polymer systems. Huntsman’s epoxy, acrylic and polyurethane-based polymer products are used to replace traditional materials in aircraft, automobiles and electrical power transmission.

Polyurethanes manufactures MDI-based polyurethane solutions used in an extensive range of applications and market sectors, providing key benefits of energy efficiency, comfort and well-being. Insulation products conserve energy in housing and commercial properties, and play a critical role in the food supply chain – keeping products at the right temperature in refrigerated vehicles, chiller cabinets and refrigerators. Polyurethanes also provide comfort and well-being in automotive seating, furniture, bedding and footwear. Adhesive products, coatings and elastomers are used extensively throughout consumer and industrial applications.

Performance Products manufactures MDI-based polyurethanes used to produce energy-saving insulation, comfort foam for automotive seating, bedding, furniture, adhesives, coatings, elastomers for footwear, and composite wood products. This business segment manufactures products primarily based on amines, carbonates, surfactants and maleic anhydride. End uses include agrochemicals, oil and gas and alternative energy solutions, home detergents and personal care products, adhesives and coatings, mining, and polyurethane/epoxy curing agents.

Textile Effects manufactures and markets textile dyes and chemicals that enhance color and improve performance such as resistance, UV-blocking and the ability to repel water and stains in apparel, home and technical textiles.

Failed takeover

I'd like to propose that the title of this section be changed to "Terminated takeover agreement". The current title suggests that one party failed to "take over" Huntsman which is not quite accurate and not entirely neutral in its point of view. As the current text outlines the "agreement was terminated" so I think the title change would add balance and would be more in line with NPOV.

Lstewhou (talk) 19:45, 2 November 2015 (UTC)