Gujarat-based ethylene oxide derivatives manufacturer Laffans Petrochemicals Ltd., said it had inked a formal agreement with Huntsman Corporation Singapore Pte. Ltd. for commercial manufacturing under the latter's technology transfer.
As per pact, both the parties will explore opportunities to develop markets in the Indian sub-continent and Asia Pacific and globally, by drawing on the synergy of the commercial and manufacturing alliance that include sharing of technical know-how, expertise and resources for specialty chemicals.
The $12 billion global manufacturer and marketer of differentiated chemicals will enter the Indian surfactant industry with locally made production that scheduled to commence from December 2009. This would be the first time that such products will be sold under the Huntsman brand name that are being manufactured in India
The initial production is scheduled to commence from next week and will be supervised by the Huntsman team.
This development emphasizes Laffans' ability to offer a world-class platform necessary for manufacturing, marketing and introducing Huntsman's high value added products for India and other overseas markets in Asia.
Managing Director of Laffans Sandeep Seth, said: "The arrangement is only a beginning of carefully laid out strategy to ensure Huntsman significant role in the coming months for the Indian subcontinent."
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.