Switzerland-based Huntsman Textile Effects - a manufacturer of chemicals and dyes for finished textiles and materials, and a division of Huntsman Corp.  - has announced its headquarters will relocate to Singapore from its current site in Basel (see " Huntsman Completes Primary Organizational Changes In Textile Effects Division," Feb. 17, 2009). The move is part of the division's restructuring initiatives and will contribute to its new global, market-focused organization.

"This is an important strategic decision," said Paul Hulme, president, Huntsman Textile Effects. "The relocation of the divisional headquarters and its leadership team is the next important step in our restructuring program and will ensure that the business is fully aligned to market trends and customer needs."

"Geographically, Singapore is an ideal location from which to serve the markets in China, India and Southeast Asia, but also allows us to continue to serve and grow our business in Europe and the Americas," added Hulme. "Singapore was chosen from a number of possible locations, primarily because of its proximity to our key growth markets, the excellent international business environment encouraged by the Singapore Economic Development Board, and the availability of the high quality professionals that will be critical to the continued growth of our global business."

The Textile Effects leadership team is expected to move by mid-year, when it will relocate to Huntsman (Singapore) Pte. Ltd.'s location at the Gateway Center. The Basel site will continue to operate as a major manufacturing, research and technology, and European customer service location for Textile Effects. The headquarters for Huntman's Advanced Materials division also will be located in Basel.

March 3, 2009