Sector News

Categories

Borderless Insights

Image
Negotiating Terms with a New Employer
Image
Beyond Flowers and Platitudes: Reclaiming the Essence of International Women’s Day
Image
Visionary or ‘Stuck-in-the-Mud’? Where are you on Workplace Flexibility?

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

May 4, 2024

Heikki Malinen appointed as the President and CEO of Neste Corporation

Energy & Chemical Value Chain

Neste Corporation’s Board of Directors has appointed Heikki Malinen, M.Sc. (Econ.), MBA (Harvard) as the President and CEO of Neste as of 2 November 2024, at the latest. Malinen joins Neste from Outokumpu Corporation where he has held the position of President and CEO since 2020.

Read more
May 4, 2024

Rossouw to step down as Sasol CFO in October

Energy & Chemical Value Chain

Petrochemicals company Sasol has announced that CFO and executive director Hanré Rossouw will step down from his position, effective October 31. Sasol has started the process to appoint a successor. Rossouw will still oversee the publication of Sasol’s reports for the financial year ending June 30, to allow for a structured handover period.

Read more
May 4, 2024

Chemours CFO Jonathan Lock resigns following code of ethics violations

Energy & Chemical Value Chain

Chemours announced its CFO Jonathan Lock has resigned from all positions within the company, according to an SEC 8-K filing on April 23. The resignation comes in the aftermath of the company announcing that Lock, former CEO Mark Newman, and principal accounting officer Camela Wisel, had been placed on administrative leave.

Read more
More news

How can we help you?

We're easy to reach