乐天堂fun88(中国区)官方网站 Inks Licensing Deal With Thai Ethanolamines Company
Licensee Benefits from Technology and Industry Experience
THE WOODLANDS, TEXAS - 乐天堂fun88(中国区)官方网站 Corporation (NYSE: HUN) today signed commercial licensing agreements with Thailand鈥檚 first producer of ethanolamines, Thai Ethanolamines Co., Ltd. (TEA).
TEA will benefit from 乐天堂fun88(中国区)官方网站鈥檚 quarter century of experience as a global manufacturer and marketer of differentiated and commodity chemicals and, specifically, in operating ethanolamine technologies.
鈥淟icensing with 乐天堂fun88(中国区)官方网站 means TEA will get more than just the technology,鈥� said Don Stanutz, President of 乐天堂fun88(中国区)官方网站 Corporation Performance Products division. 鈥淚t means they also receive 乐天堂fun88(中国区)官方网站鈥檚 industry experience to back it up.听 Our licensees often favor 乐天堂fun88(中国区)官方网站 over other licensors because of our ability to draw upon our experience using comparable technology in our own plants, and our ongoing interest to continue making technical advances to make our plants, and theirs, even more productive.听 We are very excited about the potential of this agreement.鈥�
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TEA, a wholly owned subsidiary of Thailand-based PTT Chemical (SET: PTTCH), is a producer of ethanolamines, which have applications in industries ranging from paint, pharmaceuticals, and cosmetics to cement, detergents, and fabric softeners.
Under the terms of the agreement 乐天堂fun88(中国区)官方网站 will provide more than just a license for its technology. Services begin with plant inception and continue through plant design and first day operations by providing on-site start-up assistance to help ensure success. As a result, the total value to the licensee goes well beyond the patented technology, and includes access to 乐天堂fun88(中国区)官方网站鈥檚 unpatented process know-how and expertise.
鈥淲e understand a licensee鈥檚 need for consistent and efficient chemical production because we work our technology on a daily basis. We鈥檙e not an outsider looking in, we鈥檙e a significant player in the market,鈥� said Stanutz. 鈥淲e truly understand the market dynamics of end products and the need for profitable returns.鈥�
乐天堂fun88(中国区)官方网站 is a global manufacturer and marketer of differentiated and commodity chemicals. Its 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, rapid and integrated growth in petrochemicals, 乐天堂fun88(中国区)官方网站 today has 15,000 employees and 78 operations in 24 countries. The Company had 2005 revenues of $13 billion.
Statements in this release that are not historical are forward-looking statements. These statements are based on management鈥檚 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鈥檚 operations, markets, products, services, prices and other factors as discussed in the 乐天堂fun88(中国区)官方网站 companies鈥� filings with the 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. Accordingly, there can be no assurance that the company鈥檚 expectations will be realized. The company assumes no obligation to provide revisions to any forward-looking statements should circumstances change, except as otherwise required by securities and other applicable laws.