Huntsman acquires 20% stake in Nippon Aqua

US chemicals firm Huntsman has acquired a 20% stake in Japanese firm Nippon Aqua, spray polyurethane (PU) foam insulation company.

Nippon Aqua is a subsidiary of residential home constructor Hinokiya Holdings, and operates in over 30 locations across Japan.

Likewise, Huntsman has also inked a 10-year supply deal with the Yokohama-based company, by which, the former will be supplying advanced methyl di-p-phenylene isocyanate (MDI)-based PU systems

The financial terms of the deal were not disclosed.


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