Huntsman Corporation (USA) and Laffans Petrochemicals Ltd. (India) have signed a Letter of Intent 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. For Huntsman, the collaboration will be an important step to bolster presence in booming Asia Pacific region.
Huntsman is a global manufacturer and marketer of differentiated chemicals. Its operating companies manufacture products for a variety of global industries, including chemicals, plastics, automotive, aviation, textiles, footwear, paints and coatings, construction, technology, agriculture, health care, detergent, personal care, furniture, appliances and packaging. Laffans was set up in 1994 under guidance & supply arrangement of its main raw material ie Ethylene oxide from Reliance Industries Ltd. to manufacture Ethylene oxide derivatives at Panoli, Gujarat. Laffans produces a wide range of Ethylene oxide down stream products in India, manufacturing Glycol Ethers and its Acetates, Ethanol Amines, Phenoxyethanol, Theic, Brake fluids and Speciality Ethoxylates.