Huntsman Corporation (HUN) is a global manufacturer and marketer of differentiated and specialty chemicals with commercial operations in nearly 30 countries worldwide. Established in 1970 in Salt Lake City, Utah by Jon M. Huntsman Sr., the company has grown over four decades into a successful, multifaceted corporation operating across five core business segments: Polyurethans, Advanced Materials, Performance Products, Textile Effects, and Corporate.
Huntsman's Polyurethane division, its largest segment, manufactures and markets a broad range of polyurethane chemicals such as MDI products and PO/MTBE products. The Advanced Materials segment provides epoxy, acrylic and polyurethane-based polymer products. Performance Products segment includes surfactants, amines and maleic anhydrides, used in consumer and industrial applications such as personal care products, detergents, automotive fluids, and insulation materials. The Textile Effects division provides dyes and specialty chemicals, playing a substantial role in the textile industry. The Corporate segment includes global functions such as global research and development and global shared services.
Despite operating in a competitive industry, Huntsman has demonstrated consistent perfomance with a robust product portfolio and a global presence. It is committed to operating its businesses in an environmentally responsible manner, investing in innovative technologies and solutions that contribute to building a sustainable future. Huntsman’s strong dedication to safety, health, environmental stewardship, and product stewardship is embedded in their corporate culture.
In their endeavour to serve the community, Huntsman founded the Huntsman Cancer Institute in 1995, one of the leading cancer research hospitals in the United States. They continue to support cancer research through the Huntsman Cancer Foundation.
Furthermore, Huntsman offers an extensive portfolio of innovative technologies and solutions to a global clientele that serves a diverse range of end markets. Huntsman’s approach to managing their diverse product portfolio is closely aligned with market trends and global economic conditions. They continually balance their portfolio to adapt to evolving market dynamics and priorities to deliver an ongoing stream of differentiated products and technologies to their customers.
Financially, Huntsman has been delivering impressive growth and solidifying its spot as a leading chemical company. As of 2020, the company generated around $6 billion in revenues. Notably, Huntsman has carried out various strategic acquisitions and joint ventures that have expanded their product portfolio and geographic reach.
In conclusion, Huntsman Corp. (HUN) is not just a chemical producer, but also a game changer in the chemical industry. Continually driving innovation and maintaining their practices in fulfillment with corporate social responsibility, Huntsman Corp. has established itself as a highly respected global entity.