THE WOODLANDS, Texas,
Feb. 2, 2018 /PRNewswire/ -- Jon
M. Huntsman, founder and Chairman Emeritus of Huntsman Corporation,
passed away today at his home in Salt
Lake City, Utah, surrounded by family.
Widely regarded as one of his generation's great industrialists,
Mr. Huntsman leaves behind an extraordinary legacy. He was a
pioneer in the chemical industry, having founded the Huntsman
Container Company in 1970, which revolutionized packaging and
plastics, and was the initial predecessor to what is today known as
Huntsman Corporation. In 1974, Mr. Huntsman created the "clamshell"
container for fast-food sandwiches and went on to invent as many as
30 other popular products, including the first plastic plates and
bowls.
In 1982, Mr. Huntsman formed Huntsman Chemical Corporation in
Salt Lake City. While serving as its Chairman and CEO, he led
the Company through constant, rapid growth with myriad impeccably
timed and well-integrated acquisitions. Today Huntsman
Corporation and Venator Corporation (a public subsidiary of
Huntsman Corporation) together represent an $11 billion global manufacturer and marketer of
chemicals. In December 2017,
the Board of Directors of Huntsman Corporation named Mr. Huntsman
Director and Chairman Emeritus, and elected his son, Peter R. Huntsman, Chairman, President and
CEO.
In his heart, Mr. Huntsman was first a philanthropist, and his
life's ambition much greater than business. His mission was
to find a cure for cancer and alleviate its ravaging effects on
mankind. In 1995, he contributed $100 million to
establish the Huntsman Cancer Institute, a pioneer in genetic
research and treatment and today one of the world's most renowned
cancer institutes and hospitals, located in Salt Lake City.
To date, over $2 billion has been
directed to the Huntsman Cancer Institute and Hospital, a
substantial portion of which came directly from Mr. Huntsman and
his wife Karen.
"Some 10,000 Huntsman employees today mourn the loss of our
founder," said Peter Huntsman.
"Dad loved to visit our sites around the world. Many of our
employees knew him personally, and he knew many of them by
name. All respected him deeply. They regarded my father
as their personal coach, mentor and friend. While never a
chemist, he knew more about human chemistry than anyone I have ever
met.
"His passion was building a great company from assets and people
that others had seen less value in than he. He leaves behind
a great company, but even more so, a legacy of optimism, ethical
behavior and philanthropy that will serve as his greatest
accomplishments."
The Huntsman Cancer Foundation, whose sole purpose is to raise
funds to support the mission of the Huntsman Cancer Institute, is
accepting donations in Mr. Huntsman's memory.
About Huntsman:
Huntsman Corporation is a publicly traded global manufacturer
and marketer of differentiated and specialty chemicals with 2016
revenues of more than $7
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
75 manufacturing, R&D and operations facilities in over 30
countries and employ approximately 10,000 associates within our
four distinct business divisions. For more information about
Huntsman, please visit the company's website at
www.huntsman.com.
Social Media:
Twitter: www.twitter.com/Huntsman_Corp
Facebook: www.facebook.com/huntsmancorp
LinkedIn:
www.linkedin.com/company/huntsman
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, volatile global economic conditions, cyclical and
volatile product markets, disruptions in production at
manufacturing facilities, reorganization or restructuring of
Huntsman's operations, the ability to implement cost reductions and
manufacturing optimization improvements in Huntsman
businesses, and other 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.
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SOURCE Huntsman Corporation