Page 59 - TEXtalks January/February 2022

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Huntsman’s A wide range of products for the

common nonwovens industry at IDEA 2022

dividend

increase of

13% in

first-quarter

2022

Peter Huntsman. Chairman of the Board, President, and CEO of Huntsman Textile Effects SUPRA-FLOW BX double belt thermofusion oven for Nonwovens

Huntsman Corporation announced that its board of those objectives," said Peter R. Huntsman, Chairman, For more than 70 years BRÜCKNER has been the geotextiles. For the production of highloft nonwovens
directors declared a $0.2125 per share cash dividend President, and CEO. "As part of a comprehensive world leader in the construction of drying and the double-belt thermofusion oven SUPRA-FLOW BX
on its common stock. This represents a 13% increase strategy to enhance shareholder value, we have finishing lines for the textile and nonwovens industry. is used. This oven system operates according to the
from the previous dividend. The dividend is payable launched a strategic review of the Textile Effects In the nonwovens sector, the German family-owned air-through principle and can be perfectly adapted to
on March 31, 2022, to stockholders of record as of Division to advance our focus on portfolio enhancement company supplies worldwide thermofusion ovens, the product requirements in terms of flow speed, flow
March 15, 2022. and implemented an incentive compensation program dryers, coating and heat-setting lines. On the IDEA direction and temperature on a field-by-field basis.
for all Huntsman officers and vice presidents to closely 2022 trade fair in Miami, USA, BRÜCKNER presents Typical end products include mattresses,
Commenting on the Board's action, Peter Huntsman, align their interests with the realization of the Investor together with its American representation FI-TECH bedspreads, upholstery, wiping cloths, automotive
Chairman of the Board, President, and CEO, said: Day targets, including margin expansion, cost new machine concepts and solutions for different components or insulating materials. The
"Given our business results and outlook, the Board of optimization, and cash flow delivery." applications in the mentioned fields. Convince SUPRA-FLOW BX can produce nonwovens up to a
Directors will continue to ensure that we remain yourself in a personal conversation with our experts thickness of 280 mm and a basis weight of max. 8
competitive in how we return value to our Huntsman continued, "We are pleased to welcome of the innovative technologies of BRÜCKNER. Visit us kg/m². The available working widths vary between
shareholders." David to the Huntsman Board. He is a proven on our booth no. 4101 directly at the entrance of the 2400 and 5200 mm at production speeds of up to
operator in the materials and chemicals industries exhibition hall. 100 m/min.
Huntsman appoints David Sewell to Board of with a strong track record of driving successful
Directors integration and cost reduction initiatives and The production of nonwovens always requires a For geotextile projects, the proven POWER-FRAME
Huntsman Corporation has appointed David B. profitable growth. We look forward to working closely bonding process after the nonwovens formation, stenter is usually used, which impresses with its high
Sewell to its Board of Directors. Mr. Sewell currently with him and the rest of our Board to build on our where the loosely laid fibers are bonded to a resilient uniformity in terms of temperature distribution as well
serves as Chief Executive Officer of WestRock strong momentum." fiber composite. For this purpose, depending on the as maximum productivity. In addition, the fabric can
Company, was the Chief Operating Officer of The process, different ovens and dryers are used. be stretched in a targeted manner by transporting it
Sherwin-Williams Company, and brings nearly 15 Sewell said, "I am excited to join the Huntsman Board BRÜCKNER offers the specific know-how and in the stenter chain. This has a controlled influence
years of senior leadership and operational experience and start working with my fellow directors and the supplies the necessary lines for all applications. The on fabric width, fiber orientation and fabric shrinkage.
at major materials companies to the Huntsman Company's management team. This board brings production program is completed by different Working widths of up to over 7 meters are not
Board. The announcement brings Huntsman's tremendous expertise to Huntsman, and I look impregnation and coating units as well as slitting and uncommon with geotextile finishing systems.
multi-year Board director succession plan closer to forward to participating fully as we take further steps winding equipment. BRÜCKNER's customers produce Depending on the required width, maximum
completion and follows the announcement of several together to strengthen the Company's competitive geo nonwovens, filter media, hygiene and medical temperature, stretching forces and other process
recent strategic actions the Company has taken to position and unlock additional value for textiles or different fabrics for the automotive and requirements, the optimum solution is found for each
support the financial and operational objectives it shareholders." transport industry. For each customer an individual customer. Fabric trials are also possible at any time in
outlined at its November Investor Day. solution and a corresponding line layout is designed. BRÜCKNER's Technology Center in Leonberg,
With the changes announced in the last month, eight Germany. The expert team of BRÜCKNER and
"Since Investor Day when we announced ambitious new independent directors will have been appointed Recently BRÜCKNER realized several extraordinary FI-TECH will be pleased to advise you on your very
new financial targets, our Board has continued to since 2018, and four directors will be transitioning off installations in the field of highloft nonwovens and special application.
oversee a series of significant initiatives to achieve the Board at the 2022 Annual Meeting.

January/February 2022 January/February 2022