Huntsman is thinking of selling its Textile Effects division. Sale of the Singapore-based division will generate close to $100 million of adjusted ebitda in 2021, recovering much of what was lost due to Covid. While the division’s value-added portfolio of sustainable products is consistent with Huntsman’s strategic direction, the company feels an external party may recognize the value of these assets and be a better owner for them.

Huntsman Textile Effects is the leading global provider of high-quality dyes, chemicals and digital inks to the textile and related industries. Its wash fast disperse dye is designed to meet all major requirements for high performance sportswear and athleisure wear and leads to savings of water, energy and costs for mills. This dye is not sensitive to reduction.

This leads to higher reproducibility, right first-time results and operational excellence. With cutting-edge disperse dye technology at its heart, the dye has been developed by Huntsman Textile Effects to provide the leading solution for meeting the industry’s wash fastness requirements. It offers an attractive shade and a high build-up for deep blues, which stay vibrant, and raises the benchmark of wash fastness in the industry, helping mills overcome the challenges of dyeing polyester and its blends, while achieving production efficiency and sustainability.