Huntsman Corporation and NMG have announced the creation of a new, Russia-based joint venture, ZAO Huntsman - NMG, to manufacture and sell polyurethane systems to the adhesives, coatings, elastomers and insulation markets in the rapidly developing markets of Russia and other areas in the former Soviet Union. This JV is inline with Huntsman's plan to build strong positions in growing regions of the world.
Huntsman will benefit from NMG's dynamism, skills and market leadership position that will facilitate access to some of the more specialized polyurethanes markets.
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