Huntsman Announces Global Transformation Program at its Advanced Materials Division

  Huntsman Announces Global Transformation Program at its Advanced Materials

Program aims to improve global functional alignment, increase manufacturing
efficiency and streamline key business processes

PR Newswire

THE WOODLANDS, Texas, Jan. 23, 2013

THE WOODLANDS, Texas, Jan. 23, 2013 /PRNewswire/ --Huntsman Corporation
(NYSE:HUN) today announced plans to launch a global transformational change
program across its Advanced Materials division, as part of an on-going
strategic plan designed to improve the company's manufacturing efficiencies,
enhance commercial excellence and ensure its long-term global competitiveness.

Weak economic conditions in key global markets, combined with rising fixed
costs and continued volatility in the cost of raw materials, are driving
Huntsman's Advanced Materials division to implement an improvement program
which will align resources to focus on attractive higher-growth markets. The
company expects benefits to the business in the range of $70 million.

Huntsman, a global leader in differentiated chemicals, says its Advanced
Materials business will further increase its focus on opportunities in
industries such as aerospace, adhesives, high-performance coatings, power
generation, green electronics and large-scale engineering projects which will
drive maximum value for all stakeholders

James Huntsman, President of the Advanced Materials division, added: "The
planned program is designed to ensure that the Advanced Materials business is
strongly positioned to compete successfully in a challenging marketplace." He
continued, "We will continue to invest significantly in our Business, in order
to help our customers around the world address some of the engineering
challenges they face over the coming years to produce lighter, more efficient

The transformation program is scheduled to begin in the first quarter 2013,
with full implementation expected to be completed over the next 18 months.

About Huntsman:
Huntsman is a global manufacturer and marketer of differentiated chemicals.
Our 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.
Originally known for pioneering innovations in packaging and, later, for rapid
and integrated growth in petrochemicals, Huntsman has approximately 12,000
employees and operates from multiple locations worldwide. The Company had 2011
revenues of over $11 billion. For more information about Huntsman, please
visit the Company's website at

About Advanced Materials:
Huntsman Advanced Materials is a leading global chemical solutions provider
with a long heritage of pioneering technically advanced epoxy, acrylic and
polyurethane-based polymer products. Our capabilities in high-performance
adhesives and composites serve over 3,000 customers in 80 countries with
innovative, tailor-made solutions and more than 1,500 products which address
global engineering challenges. The Division had 2011 revenues of over $1.3
billion. For more information about Huntsman Advanced Materials, please visit
the Company's website at

Forward Looking Statements:
Statements in this release that are not historical are forward-looking
statements. These statements are based on management's current beliefs and
expectations. The forward-looking statements in this release are subject to
uncertainty and changes in circumstances and involve risks and uncertainties
that may affect the company's operations, markets, products, services, prices
and other factors as discussed in the Huntsman companies' filings with the
U.S. Securities and Exchange Commission. Significant risks and uncertainties
may relate to, but are not limited to, financial, economic, competitive,
environmental, political, legal, regulatory and technological factors. In
addition, the completion of any transactions described in this release is
subject to a number of uncertainties and closing will be subject to approvals
and other customary conditions. Accordingly, there can be no assurance that
such transactions will be completed or that the company's expectations will be
realized. The company assumes no obligation to provide revisions to any
forward-looking statements should circumstances change, except as otherwise
required by applicable laws.

SOURCE Huntsman Corporation

Contact: For Media, Wynne Morris (Switzerland/Europe), +41-061-299-2242; for
Investor Relations, Kurt Ogden (USA), +1-801-584-5959
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