Sector News

Categories

Borderless Insights

Image
The Skills-Forward Revolution:   Stretching the Boundaries of Professional Flexibility
Image
Sustainability: Business Leaders Must Secure the Long-Term Strategy Despite Short-Term Pressures
Image
Negotiating Terms with a New Employer

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

July 21, 2024

PepsiCo and Yara partner to decarbonise European crop production

Energy & Chemical Value Chain

PepsiCo Europe and crop nutrition company Yara have announced a long-term partnership aimed at providing European farmers with low-carbon crop nutrition solutions to help decarbonise the food value chain. Under the agreement, Yara will supply PepsiCo with up to 165,000 tons of fertiliser per year by 2030, covering around 25% of the food and beverage giant’s crop fertiliser needs across Europe.

Read more
July 21, 2024

BASF sells Flocculants business for mining applications to Solenis

Energy & Chemical Value Chain

BASF has signed an agreement to sell its flocculants business for mining applications to Solenis, a specialty chemicals manufacturer. The divestment of the flocculants business to Solenis is part of BASF’s ongoing portfolio optimisation with the aim of focusing on strategic core areas.

Read more
July 21, 2024

ADAMA announces Gaël Hili as President and CEO replacing Steve Hawkins

Energy & Chemical Value Chain

ADAMA Ltd. a leading crop protection company, announced that its board of directors has appointed Gaël Hili as its President and Chief Executive Officer, effective October 1, 2024. Hili will join the Syngenta Group Leadership Team and will be based in Tel Aviv.

Read more
More news

How can we help you?

We're easy to reach