Intensifies focus on Asia
US-based differentiated chemicals supplier Huntsman Corporation has completed its acquisition of India’s Laffans Petrochemicals. Huntsman has also taken ownership of its 60kt ethylene oxide derivatives facility in Ankleshwar Gujarat, which produces speciality intermediates for use in personal care products among other applications.
“This acquisition is a continuation of our strategy to build our Asian business,” commented president and ceo Peter R Huntsman. “We look forward to integrating this business and further expanding our Indian business.”
News of the Laffans acquisition follows Huntsman’s announcement of a 70m investment in a capacity expansion programme at its polyetheramine plant in Singapore.