Huntsman Corp - Company Profile
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Business Description
Huntsman Corp (Huntsman) manufactures differentiated organic chemical products. Its product lines, include MDI, maleic anhydride, epoxy-based polymer formulations, textile chemicals and dyes.
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R&D Overview
Huntsman's research and development (R&D) efforts focuses on the development of new products, technical services and process engineering improvement. It has R&D centers in Woodlands, Texas; Everberg, Belgium; and Shanghai, China. It has other regional technical service centers in the US, Germany, India, Italy, Switzerland and China. In FY2022, it spent US$125 million on R&D, which as a percentage of revenue, stood at 1.6% and declined 16.7% YoY. As of December 2022, it had approximately 2,485 patents and 965 pending patent applications.
Business Segments
Overview
Manufactures and markets basic liquid and solid epoxy resins; cross-linking, matting and curing agents; specialty resin compounds; and epoxy, acrylic and polyurethane-based formulations Major end user markets include aerospace, automotive, liquid natural gas transport, coatings and construction, consumer and industrial appliances, printed circuit boards, electrical power transmission and distribution, wind power generation, recreational sports equipment, medical appliances and food and beverage packaging. Major customers include Bodo Moeller, Syngenta, Siemens, Hexcel, Toray, Akzo, Omya, Sherwin Williams and others. In FY2022, the segment’s capital expenditure stood at US$26 million, which grew 4% YoY. Considers demand in aerospace and stable overall margins as major factors for growth.
Performance
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Overview
Produces and sells amines and maleic anhydride. It also offers technology licenses. Major end user markets include oil exploration and production, agrochemicals, and fuel and lubricant additives markets among others Major customers include Chevron-Oronite, Ecolab, Evonik, Lubrizol, Olin and others. In FY2022, the segment’s capital expenditure stood at US$92 million, which grew 119% YoY. Views growth in performance amines and soft demand in maleic anhydride with stable margins as its major growth drivers.
Performance
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Overview
Manufactures and markets methyl diphenyl diisocyanate (MDI), polyols, thermoplastic polyurethane (TPU), aniline and nitrobenzene Major end user markets include commercial and residential insulation, automotive, appliance, furniture and coatings, footwear, adhesives, sealants and elastomers industries Major customers are BMW, Electrolux, Firestone, Haier, Henkel and Lear among others In FY2022, the segment’s capital expenditure stood at US$142 million, which declined 41.6% YoY. Considers growth in insulation, especially in spray polyurethane foam and stable MDI differentiated margins as major factors for growth.
Performance
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Geographical Segments
Performance
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Performance
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Performance
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Performance
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