Sector News

Huntsman Textile Effects & Pürsan Pigment ink JV

May 1, 2015
Energy & Chemical Value Chain
Huntsman Textile Effects and Pürsan Pigment A.S have entered into a joint venture for the manufacture, formulation and sale of textile chemicals and dyes in Turkey.
 
According to a Huntsman press release, the JV takes the established long term partnership between the two companies to a next strategic level and will operate under the name Huntsman Pürsan Chemicals.
 
Paul Hulme, president, Huntsman Textile Effects said, “We are impressed with Pürsan’s proven success, and are excited to partner with the team.”
 
“The strategic alliance between our two companies will strengthen our position in the industry and enable us to enhance our service offerings and solutions to our customers,” he added.
 
“This joint venture is exciting as it offers increased speed and flexibility to our customers with expanded local manufacturing capabilities and facilities,” commercial director Ajay Kanwar too said.
 
“It represents strong commitment of both our organizations to provide customers with a single source for the best in textile dyes and chemicals sales and service,” Kanwar noted.
 
Hakki Kagan Biter, president at Pürsan Pigment also said, “Together we will strengthen the competitive position of the Turkish textile sector which is contributing one of the highest exports and employment in Turkey.”
 
“The JV will bring together a powerful combination of proven innovation from Huntsman and a heritage of strong customer focus and trust built through the years from Pürsan,” Biter too added.
 
The JV is expected to come into effect in June 2015 and is subject to regulatory approvals and customary closing conditions. (AR)
 
 

comments closed

Related News

April 14, 2024

Nadja Håkansson appointed Chief Executive Officer of thyssenkrupp Uhde

Energy & Chemical Value Chain

The future CEO of thyssenkrupp Uhde, Nadja Håkansson, has held various management positions at Siemens and Siemens Energy and looks back on over 18 years of national and international experience in the areas of supply chain management, operations, sales and corporate management.

April 14, 2024

Neste and Lotte Chemical team up to scale renewable plastics from used cooking oil

Energy & Chemical Value Chain

Neste and South Korean company Lotte Chemical have partnered on a project to elevate the sustainability profile of chemicals and plastics. The partnership’s ambition is to replace fossil resources with renewable raw materials that offer a lower carbon footprint.

April 14, 2024

EU chemical industry confidence shows upward trend

Energy & Chemical Value Chain

At least the confidence in the chemical sector has been seeing an upward trend and the trade balance is recovering as destocking seems to be coming to an end. Citing projections from the European Central Bank, CEFIC states that the level of inflation is expected to fall from 5.4% in 2023 to 2.3% in 2024.

How can we help you?

We're easy to reach