THE WOODLANDS, Texas, Oct. 4, 2016 /PRNewswire/ -- Global chemical company Huntsman (NYSE: HUN) today announced that its polyurethanes division has won a prestigious Supplier Innovation Award from BMW Group for developing a technology which dramatically reduces total emissions from the high performance polyurethane seating foam used in its vehicles.
Across the automotive industry there is a drive to reduce emissions and odor generating impurities from seating foams, to improve passenger comfort and the overall driving experience. Huntsman's automotive team developed a unique MDI system, novel polyol and formaldehyde 'scavenger' technology. This innovative chemistry enabled BMW to reduce total emissions from its seating foams by a factor of ten – without compromising comfort or quality. Huntsman is the only supplier to meet the BMW Group's ambitious requirements for molded foams.
Tony Hankins, President of Huntsman's Polyurethanes division, accepted the award at a ceremony on September 29 at the BMW Welt in Munich.
"BMW is well known for its exacting performance standards and Huntsman has been a long-term technology partner to the business, assisting in its drive for improved safety, performance, comfort and sustainability," Hankins said. "We are incredibly proud of this award and the difference that our technology will make to BMW customers worldwide."
Huntsman Corporation is a publicly traded global manufacturer and marketer of differentiated chemicals with 2015 revenues of approximately $10 billion. Our chemical products number in the thousands and are sold worldwide to manufacturers serving a broad and diverse range of consumer and industrial end markets. We operate more than 100 manufacturing and R&D facilities in approximately 30 countries and employ approximately 15,000 associates within our 5 distinct business divisions. For more information about Huntsman, please visit the company's website at www.huntsman.com
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. 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