NORCHEM and HUNTSMAN: Extension of cooperation on the Russian market
On October 08, 2014 in Montreux (Switzerland) within the international conference of AOCS (American Oil Chemists' Society) NORCHEM (Zavod sintanolov LLC) and HUNTSMAN Corporation (Huntsman CIS LLC) signed and initialed the Agreement for extension of cooperation on the Russian market in manufacturing and marketing of specific surfactants. Along with components for cosmetics and household chemistry, it was planned in the long term to develop a range of new specific products for oilfield-, construction- and agrochemistry. The parties noted positive results of mutual cooperation during the last five years and intend to develop dymanically in future new products for the Russian market on both production sites of NORCHEM. At the moment NORCHEM completes modernization of the Multipurpose Unit (MPU) on Lanitex-Optima-7 (Leningrad region) and is willing to start the industrial production of new products under HUNTSMAN trademark till the end of the year.