Page 58 - TEXtalks January/February 2022

58
Huntsman’s
common
dividend
increase of
13% in
first-quarter
2022
Peter Huntsman. Chairman of the Board, President, and CEO of Huntsman Textile Effects
Huntsman Corporation announced that its board of those objectives," said Peter R. Huntsman, Chairman,
directors declared a $0.2125 per share cash dividend President, and CEO. "As part of a comprehensive
on its common stock. This represents a 13% increase strategy to enhance shareholder value, we have
from the previous dividend. The dividend is payable launched a strategic review of the Textile Effects
on March 31, 2022, to stockholders of record as of Division to advance our focus on portfolio enhancement
March 15, 2022. and implemented an incentive compensation program
for all Huntsman officers and vice presidents to closely
Commenting on the Board's action, Peter Huntsman, align their interests with the realization of the Investor
Chairman of the Board, President, and CEO, said: Day targets, including margin expansion, cost
"Given our business results and outlook, the Board of optimization, and cash flow delivery."
Directors will continue to ensure that we remain
competitive in how we return value to our Huntsman continued, "We are pleased to welcome
shareholders." David to the Huntsman Board. He is a proven
operator in the materials and chemicals industries
Huntsman appoints David Sewell to Board of with a strong track record of driving successful
Directors integration and cost reduction initiatives and
Huntsman Corporation has appointed David B. profitable growth. We look forward to working closely
Sewell to its Board of Directors. Mr. Sewell currently with him and the rest of our Board to build on our
serves as Chief Executive Officer of WestRock strong momentum."
Company, was the Chief Operating Officer of The
Sherwin-Williams Company, and brings nearly 15 Sewell said, "I am excited to join the Huntsman Board
years of senior leadership and operational experience and start working with my fellow directors and the
at major materials companies to the Huntsman Company's management team. This board brings
Board. The announcement brings Huntsman's tremendous expertise to Huntsman, and I look
multi-year Board director succession plan closer to forward to participating fully as we take further steps
completion and follows the announcement of several together to strengthen the Company's competitive
recent strategic actions the Company has taken to position and unlock additional value for
support the financial and operational objectives it shareholders."
outlined at its November Investor Day.
With the changes announced in the last month, eight
"Since Investor Day when we announced ambitious new independent directors will have been appointed
new financial targets, our Board has continued to since 2018, and four directors will be transitioning off
oversee a series of significant initiatives to achieve the Board at the 2022 Annual Meeting.
January/February 2022
59
A wide range of products for the
nonwovens industry at IDEA 2022
SUPRA-FLOW BX double belt thermofusion oven for Nonwovens
For more than 70 years BRÜCKNER has been the geotextiles. For the production of highloft nonwovens
world leader in the construction of drying and the double-belt thermofusion oven SUPRA-FLOW BX
finishing lines for the textile and nonwovens industry. is used. This oven system operates according to the
In the nonwovens sector, the German family-owned air-through principle and can be perfectly adapted to
company supplies worldwide thermofusion ovens, the product requirements in terms of flow speed, flow
dryers, coating and heat-setting lines. On the IDEA direction and temperature on a field-by-field basis.
2022 trade fair in Miami, USA, BRÜCKNER presents Typical end products include mattresses,
together with its American representation FI-TECH bedspreads, upholstery, wiping cloths, automotive
new machine concepts and solutions for different components or insulating materials. The
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yourself in a personal conversation with our experts thickness of 280 mm and a basis weight of max. 8
of the innovative technologies of BRÜCKNER. Visit us kg/m². The available working widths vary between
on our booth no. 4101 directly at the entrance of the 2400 and 5200 mm at production speeds of up to
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The production of nonwovens always requires a For geotextile projects, the proven POWER-FRAME
bonding process after the nonwovens formation, stenter is usually used, which impresses with its high
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winding equipment. BRÜCKNER's customers produce Depending on the required width, maximum
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Recently BRÜCKNER realized several extraordinary FI-TECH will be pleased to advise you on your very
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January/February 2022