Huntsman has acquired EMA Kimya Sistemleri Sanayi ve Ticaret, 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. EMAs' two major shareholders, Gulum Kabil and Engin Tataroğlu, will continue to manage the business operations of the new 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.
Financial details of the purchase were not disclosed.