Huntsman and NMG Announce Polyurethanes Joint Venture in Russia and Former Soviet States

06-Feb-2007

Huntsman Corporation and NMG announced the creation of a new, Russia-based joint venture, ZAO Huntsman - NMG, to manufacture and sell polyurethane systems to the adhesives, coatings, elastomers and insulation markets in Russia and other areas in the former Soviet Union. The financial terms were not disclosed.

Huntsman NMG will be based at NMG's existing headquarters in Obninsk, close to Moscow, and will be managed by a General Director Sergey Ovcharov . The company employs over 200 employees, and has state of the art manufacturing and distribution facilities in Obninsk and a network of branch offices across the region, including in Belarus and the Ukraine.

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