Huntsman and NMG form polyurethanes JV

06/02/2007
  
US-based chemical company Huntsman Corporation and polyurethane company NMG have created a new Russia-based joint venture, ZAO Huntsman–NMG, to manufacture and sell polyurethane systems to the adhesives, coatings, elastomers and insulation markets in Russia and other countries of the former Soviet Union. The financial terms of the agreement were not disclosed.

The joint venture will be based at NMG’s existing headquarters in Obninsk, near Moscow, and will be managed by general director Sergey Ovcharov.