Huntsman trims costs, ramps up Asia focus

Basel, Switzerland – Textile dye and chemical producer Huntsman said its Textile Effects division has completed its restructuring, with a new focus on Asian markets.

“The sales and customer support organization in Asia is now the largest in Textile Effects, consistent with the latest trends in market requirements as well as current forecasts of future business development potential,” the company stated.

Some research and technology assets have been relocated to the division’s Panyu, China facility, while a team in Mumbai, India is also being expanded. These moves coincide with what the company called “a major consolidation of the division's sales offices and laboratories” … “taking place in many countries.”

Meanwhile, Huntsman said, “the division has suspended production for up to seven weeks at its largest site,” in Basel, where one-third of the workforce will work a short-time schedule.

With all factors included, Huntsman, expects to achieve $60 million in annual savings.

Featured Video

  • Live From New York: Fashion Comes Across the Pond

    Camera Icon More Videos

Subscribe to
Home & Textiles Today eDaily
Receive the news you need to know about the trends in the industry delivered right to your inbox.


HTT Current issue for September 2017

See the September 2017 issue of Home & Textiles Today. In this issue, we look at the Attack of the Killer Third Tier: Monster off-pricers are climbing to the top of the food chain, plus New Products: 40 pages of new products debuting at the New York Home Fashions Market; Home Stores: TJX unveils first U.S. HomeSense store; Clicks to Bricks: Boll & Branch moves from digital to physical retailing; and much more... See details!