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4-Traders Homepage  >  Equities  >  Nyse  >  Huntsman Corporation    HUN

Delayed Quote. Delayed  - 07/29 10:02:03 pm
15.46 USD   -2.52%
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Huntsman Corporation : Huntsman Launches ALTIRIS® Pigment

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05/08/2012 | 03:05pm CEST

Infrared Reflecting Pigments Enable Solar Reflection in any Color

The Pigments division of Huntsman Corporation (NYSE:HUN) today launched its ALTIRIS® infrared reflecting pigment at the 2012 American Coatings Show, May 8-10, 2012 in Indianapolis, IN. The ALTIRIS® pigment gives coatings and polymer products in any color the power to reflect solar energy. In a world that needs low carbon solutions to cool buildings, vehicles and ships, Huntsman's ALTIRIS® pigment presents a significant opportunity to deliver energy efficiency combined with custom color branding in the widest color choice available.

President of Huntsman Pigments, Simon Turner said, "Buildings, vehicles and ships that incorporate ALTIRIS® pigment in their coatings can better reflect the sun's energy1, helping to keep interiors cooler. This helps reduce energy needed to power air-conditioning systems, costs and greenhouse gas emissions. It's a great new innovation from Huntsman that gets to the heart of our brand promise - enriching lives through innovation."

Dr. Rob Portsmouth, business development director at Huntsman said, "Our ALTIRIS® pigment delivers a unique set of benefits: Superior tailored reflectance; from a single additive and in any color customers need. This combination was not available before Huntsman's ALTIRIS® pigment."

ALTIRIS® pigment can dramatically increase solar reflection by more than 100 percent in some color ranges and even in black. It can also help increase a product's lifespan as coatings that stay cooler suffer less from heat cycling stresses, which helps prevent delamination and peeling.

"I am happy to see new cool-colored products are being brought to the market," said Dr. Hashem Akbari, a Building, Civil, and Environmental Professor and Leader of the Heat Island Group at Concordia University and the principal investigator for the development of cool-colored materials, a collaborative effort with the industry. "Products that incorporate the ALTIRIS® infrared reflecting pigment give consumers greater color choice whilst reducing energy consumption2."

The ALTIRIS® pigment can also open up new markets for polymer products as they make them less prone to warping. This means polymer products can now be used in warmer regions of the world where they would have previously been unsuitable. Products like vinyl siding can last longer and can be available in a wider range of colors.

Footnotes

1. Our specialist research team prepares coatings containing ALTIRIS® pigment and control samples with the same RAL index. We then compare Total Solar Reflectance using a Cary 5000 spectrophotometer. 2. Monitoring the energy use effects of cool roofs on California commercial buildings: Akbari, Levinson, Konopaki, Rainer: 2004

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 www.huntsman.com.

About Huntsman Pigments:

Huntsman Pigments is an award winning global manufacturer of titanium dioxide solutions with more than 75 years experience. Our pigments are made all over the world at seven manufacturing sites with around 2,500 people. Huntsman's titanium dioxide pigments can be found in everything from the paint you use in your home to your favorite trainers. Our brands include TIOXIDE® titanium dioxide pigments, award winning DELTIO® free-flow titanium dioxide pigments and our very latest innovation, the ALTIRIS® infrared reflecting pigment that gives colourful exterior coatings and polymers the power to reflect solar energy. For more information about Huntsman Pigments, please visit the company's web site at www.huntsman.com/pigments.

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. The company assumes no obligation to provide revisions to any forward-looking statements should circumstances change, except as otherwise required by applicable laws.

For Huntsman Pigments:
Karen Fenwick, 44 (0)1740 608076
Michelle Kelley, 713-627-2223


© Business Wire 2012
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Financials ($)
Sales 2016 9 826 M
EBIT 2016 786 M
Net income 2016 372 M
Debt 2016 4 312 M
Yield 2016 3,07%
P/E ratio 2016 10,32
P/E ratio 2017 8,27
EV / Sales 2016 0,82x
EV / Sales 2017 0,77x
Capitalization 3 777 M
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Mean consensus OUTPERFORM
Number of Analysts 12
Average target price 19,0 $
Spread / Average Target 20%
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NameTitle
Peter R. Huntsman President, Chief Executive Officer & Director
Jon Meade Huntsman Executive Chairman
J. Kimo Esplin Chief Financial Officer & Executive Vice President
Delaney Bellinger Chief Information Officer & Vice President
Nolan Don Archibald Vice Chairman
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