Huntsman Corporation
| Huntsman Corporation Huntsman International LLC
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|---|---|
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| legal form | Corporation (public company) |
| ISIN | US4470111075 |
| founding | 1982 |
| Seat |
Salt Lake City , United States
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| management | Peter R. Huntsman ( CEO ) |
| Number of employees | 15,000 |
| sales | 9,657,000,000 US dollars |
| Branch | Chemical industry |
| Website | www.huntsman.com |
| As of December 31, 2016 | |
The Huntsman Corporation is a global chemical company with legal headquarters in Salt Lake City in the state of Utah , United States . The operational headquarters are located in The Woodlands , Texas . Subsidiaries of the Huntsman Corporation include the Tioxide Group and the Vantico Group.
history
In 1970, the Huntsman Container Corporation was founded by Jon M. Huntsman . It was later renamed to its current name and known for its IPO on the New York Stock Exchange in 2005. The company has grown rapidly through a series of acquisitions and is now a manufacturer of a wide variety of basic and specialty chemicals.
Successful acquisitions and mergers
In April 1994, Huntsman gradually took over the Texaco Chemical Company for 1.06 billion US dollars ; Texaco did not agree to the takeover of the last petrochemicals plants until 1999 , Huntsman had to pay a further 600 million US dollars for this, which was the total price of the takeover to $ 1.66 billion.
Huntsman rose to become the third largest petrochemicals company in the United States when it took over the petrochemicals division of Imperial Chemical Industries for $ 2.8 billion in 1999. In 2014, the Huntsman Corp. the performance additives and titanium dioxide division of Rockwood Holdings, Inc., making it the second largest producer of titanium dioxide and inorganic color pigments. Huntsman believed to have paid $ 1 billion for this acquisition.
Failed acquisitions
In June 2007, the company announced that it had agreed to be acquired by Access Industries and its chemicals division Basell AF , owned by billionaire Len Blavatnik , for $ 5.88 billion. Huntsman shareholders would receive $ 25.25 per share, and Access would keep $ 3.7 billion to cover remaining Huntsman Corp. debt. to settle.
On July 12th, the deal was canceled because Huntsman Corp. with the Apollo Management had found another buyer who with an offer of 6.51 billion US dollars or $ 28 per share offered about 630 million US dollars more than Access Industries. After Apollo withdrew from the deal, however, the Huntsman Corp. Apollo and two of his partners in Texas. In any case, Huntsman never suspected Apollo Management's intention to allow his subsidiary, Hexion Specialty Chemicals, to undertake the deal for a volume of more than 6.5 billion US dollars. In addition, Huntsman accused Apollo of having made a higher offer than Access Industries and Basell AF to prevent a sale to them because this would have threatened Hexion's market share. Hexion, in turn, announced that the withdrawal from the deal was due to the financial circumstances of Huntsman Corp. would be due. After the deal fell through, Huntsman Corp.'s shares fell. by almost 50%.
In December 2008, Apollo and Hexion agreed on the Huntsman Corp. Paying $ 1 billion for them to drop all charges. A lawsuit against the advisory bank of Apollo Management was filed in 2009 and brought Huntsman an additional $ 1.732 billion.
In May 2017 it was announced that the Swiss Clariant and Huntsman wanted to merge to form the new HuntsmanClariant, with legal headquarters in Pratteln and the operational headquarters in The Woodlands. HuntsmanClariant would have created the world's second largest specialty chemicals company after the German Evonik . In October 2017, the planned merger was overturned by Clariant.
Structure and key figures
In its operating companies, Huntsman produces raw materials for the chemical, plastics, automotive, aerospace, textile, shoe, paint and coating, pharmaceutical and construction industries, agriculture, for the manufacture of detergents, personal care products, Furniture, household appliances and packaging.
The group is divided into five divisions:
Performance Products
The Performance Division specializes in the production of chemical intermediates. Mainly products based on amines , surfactants , carbonates , diols and maleic anhydride are produced. The products are mainly used in agrochemicals, oil and gas fields, cosmetics and mining.
Advanced Materials
The Advanced Materials division specializes in the manufacture of customer-specific fabrics. moreover be used epoxy resins , polyacrylates and polyurethanes . The products are used in the aerospace industry and in the automotive and energy industries.
Pigments and additives
The division produces titanium dioxide - pigments . The colors and pigments are used to color materials such as plastics, cosmetics, pharmaceutical products, food and concrete.
Polyurethanes
The division produces MDI-based polyurethanes . Polyurethanes have a wide range of tasks; they are installed in refrigerators and used for insulation, among other things.
Textile Effects
Textile Effect is a supplier of chemicals and dyes with a focus on the textile industry. Huntsman inks are said to be more UV-resistant and water-repellent than other inks.
Shareholder structure
Huntsman Corporation has issued 239,748,757 shares for a market capitalization of $ 6.403 billion.
The three largest institutional investors are the Vanguard Group Inc. with 7.79%, the Huntsman Foundation with 7.74% and the Huntsman Family Holdings CO LLC with 5.01%.
| space | Surname | Percentage ownership % |
|---|---|---|
| 1 | The Vanguard Group Inc. | 7.79 |
| 2 | Huntsman Foundation | 7.74 |
| 3 | Huntsman Family Holdings CO LLC | 5.01 |
| 4th | LSV Asset Management | 4.45 |
| 5 | AQR Capital Management LLC | 3.25 |
In 2016, the Huntsman Corp. Revenue of $ 9.657 billion, down 6.3% year over year.
criticism
Huntsman is by far number 1 on the Toxic Air Polluters Index of the Political Economy Research Institute of the University of Massachusetts (as of 2019 Report).
Individual evidence
- ^ Huntsman - Senior Management .
- ↑ Form 10-K 2015 .
- ↑ Shared Publication .
- ↑ Bloomberg News: Huntsman to Buy Texaco Chemical Plant . In: The New York Times . December 25, 1996, ISSN 0362-4331 ( nytimes.com [accessed August 21, 2019]).
- ↑ BBC News | The Company File | Mormon family buys ICI chemicals. April 15, 1999, accessed August 21, 2019 .
- ↑ Ben Fox Rubin: Huntsman to Buy Rockwood Units for $ 1.1 Billion . 17th September 2013.
- ↑ item renderer .
- ↑ ( page no longer available , search in web archives )
- ↑ By Nina Easton, senior editor at large: The Huntsmans: Inside an American dynasty - Jun. 18, 2010 .
- ↑ Mega deal in the chemical industry - Clariant and Huntsman merge . In: Reuters . May 22, 2017 ( reuters.com [accessed August 21, 2019]).
- ↑ Clariant seeks salvation in fusion - that brings a lot of uncertainties. Retrieved on August 21, 2019 (Swiss Standard German).
- ↑ Merger with Huntsman: Clariant blows off the $ 20 billion merger. Retrieved August 21, 2019 .
- ↑ Huntsman company brochure: "We see a better world" ( Memento from December 16, 2011 in the Internet Archive )
- ↑ Huntsman - Stock Quote .
- ^ Shareholders Major HUN Huntsman Corp including Fund and Institutional .
- ^ Matthew Baylor: Toxic 100 Air Polluters Index. July 25, 2019, Retrieved August 20, 2019 (UK English).