Huntsman Acquires Stake in Japanese Spray Polyurethane Foam Insulation Company

Huntsman Acquires Stake in Japanese Spray Polyurethane Foam Insulation Company

PR Newswire

THE WOODLANDS, Texas, March 14, 2013

THE WOODLANDS, Texas, March 14, 2013 /PRNewswire/ -- Huntsman Corporation
(NYSE: HUN) today announced that it has acquired a 20% stake in Nippon Aqua
Co. Ltd. (Nippon Aqua), a spray polyurethane foam (SPF) insulation company
based in Yokohama, Japan, and that it has entered into a 10 year supply
agreement with the company. The financial terms of the deal were not
disclosed.

Nippon Aqua is the SPF market leader in Japan, with business operations in
over 30 locations across the country, and is a subsidiary of leading
residential home builder Hinokiya Holdings Co. Ltd. Huntsman supplies various
advanced MDI-based polyurethanes systems to Nippon Aqua.

Commenting on the deal, Anthony P. Hankins, President of the Polyurethanes
division, said: "We are delighted to have the opportunity to invest in Nippon
Aqua, who are a pioneer in the Japanese spray polyurethane foam market.
Following the regrettable accident at the Fukushima Daiichi nuclear plant in
2011, there's a great focus on how the country will source its energy needs
and a growing demand amongst consumers for more effective insulation. Nippon
Aqua is well-positioned to satisfy this demand and we look forward to
strengthening our relationship with them to address these important needs."

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 2012
revenues of over $11 billion. For more information about Huntsman, please
visit the company's website at www.huntsman.com.

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

Website: http://www.huntsman.com
Contact: Media, Gary Chapman, +1-281-719-4324; Investor Relations, Kurt Ogden,
+1-801-584-5959
 
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