Huntsman and Laffans announce collaboration for specialty chemicals.(New Setup, Agreement & Plan)

Huntsman Corporation and Laffans Petrochemicals Ltd. (Mumbai, India) announced June 12th they have signed a Letter of Intent pursuant to which the companies intend to finalize a collaboration agreement to share know-how, expertise and resources for specialty chemicals.

The parties intend to leverage each other's capabilities and resources for surfactants and amines manufacturing in India. Laffans' responsibilities would include manufacturing and raw material sourcing, while Huntsman's contribution would include commercial infrastructure, branding, product range, global approvals, technology and manufacturing processes.

The move is to further expand Huntsman's presence in the critical Asia Pacific region and to build support for its key global customers as they grow in India, Huntsman says.

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