Indorama Ventures completed the acquisition of Chemical Intermediates and Surfactants units from Huntsman for $2.1bn.

Indorama Ventures, a producer of petrochemicals, completed the acquisition of Chemical Intermediates and Surfactants units from Huntsman, an American multinational manufacturer and marketer of chemical products, for $2.1bn. "This transaction further transforms Huntsman's balance sheet and future. It accelerates our ability to expand more in areas both downstream and complementary to our portfolio. This is another milestone in our stated strategy to focus more on our downstream and specialty businesses where we will generate more stable margins and consistent, strong free cash flow. We are committed to retaining our strong investment grade balance sheet, repurchasing our shares, investing in organic research and select capacity expansions and acquiring strategic assets that are accretive to our earnings and create shareholder value," Peter Huntsman, Huntsman Chairman, President and CEO.