Huntsman Corporation has acquired EMA Kimya Sistemleri Sanayi ve Ticaret AS, an MDI-based polyurethanes systems house in Istanbul, Turkey. As a result of the deal, EMA will become part of Huntsman’s Polyurethanes division and will be known as Huntsman-EMA. EMA’s two major shareholders, Mrs Gulum Kabil and Mr Engin Tataroğlu, will continue to manage the business operations of the venture.
EMA’s plant was built in 2006 to produce polyurethane blends for Turkey’s fast-growing MDI systems market. Today, the facilities have capacity for system blending, polyester polyols manufacture and bulk MDI and base polyols storage.
As an integral part of Huntsman, EMA is now a key component of a global company with 2010 revenues of US$9.2bn.