Business News

Huntsman and Zavod Sintanolov Partner to Develop Russian Personal Care and Detergent Markets

Wednesday 18. February 2009 - Cooperation agreement will grow the two companies' surfactants businesses

Huntsman Corporation (NYSE:HUN) and Zavod Sintanolov today announced that they have signed a cooperation agreement by which both companies will share know-how, expertise and resources to develop the Russian market for surfactants.

According to the agreement, the Performance Products division of Huntsman will market and sell 50 percent of the anionic and amphoteric surfactants manufactured in Zavod Sintanolov’s newly-commissioned plant in St Petersburg. Customers will include multinational detergent and personal care product manufacturers operating in the Russian Federation. The terms of the deal and plant’s capacity were not disclosed.

“We are delighted to cooperate with a local manufacturer in the Russian market and this agreement is a further expansion of our Europe, Middle East and Africa (EMEA) supply-side network, which already includes six manufacturing sites and two joint ventures,” said Daniele Ferrari, Vice President of Huntsman’s Performance Products division in EMEA. “This agreement will also allow us to continue to support our key customers as they expand geographically,” he added.

“Zavod Sintanolov is very pleased to work with Huntsman, with its industry-leading experience in surfactant technologies and markets, and we look forward to taking advantage of the many synergies between our respective operations,” said Sergey Rybalchenko, Director General of Zavod Sintanolov LCC.