Huntsman Obtains Court Order Against Kiri Dyes, India
June 11 2009 - 7:44PM
PR Newswire (US)
BASEL, Switzerland, June 11 /PRNewswire-FirstCall/ -- The Textile
Effects division of Huntsman Corporation (HYSE: HUN) today
announced it has obtained an order from the High Court of Mumbai
against Kiri Dyes & Chemicals Ltd, a manufacturer of reactive
dyes in India, for infringing a patent belonging to Huntsman. In
his ex-parte order dated May 7, 2009, Judge A. P. Deshpande
prohibits Kiri from marketing or selling Reactive Super Black G
that violates Huntsman's patent on Huntsman's NOVACRON(R) Super
Black G dye, pending a full hearing. Huntsman's patent was duly
registered with the Indian Patent Office in 2008 for a true
innovation for producing deep black shades. Kiri's counterfeit
Reactive Super Black G product had been found at several textile
mills in Asian countries. Samples of the infringing products were
collected and analyzed by independent laboratories to substantiate
the alleged patent infringement. Huntsman is fully committed to
protecting its intellectual property rights in all countries and
will continue its efforts to ensure that any infringements are
legally pursued. The court order sets an important precedent in
India and encourages innovative companies like Huntsman to continue
investing a significant portion of their turnover in research and
development of new products that contribute to improving the
sustainability of textiles through better fastness properties,
higher durability and functionality. About Huntsman Textile
Effects: Huntsman Textile Effects is the leading global provider of
high-quality dyes and chemicals to the textile and related
industries, manufacturing a broad range of dye and chemical
products that enhance the color of finished textiles and improve
performance characteristics, such as wrinkle resistance, lasting
freshness and the ability to repel water and stains. The business
currently serves over 4500 customers located in 80 countries. The
Textile Effects division is currently relocating its global
headquarters to Singapore. About Huntsman: Huntsman is a global
manufacturer and marketer of differentiated chemicals. Its
operating companies manufacture products for a variety of global
industries, including chemicals, plastics, automotive, aviation,
textiles, footwear, paints and coatings, construction, technology,
agriculture, health care, detergent, personal care, furniture,
appliances and packaging. Originally known for pioneering
innovations in packaging and, later, for rapid and integrated
growth in petrochemicals, Huntsman today has more than 12,000
employees and operates from multiple locations worldwide. The
Company had 2008 revenues exceeding US$10 billion. For more
information about Huntsman, please visit the Company's website at
http://www.huntsman.com/. Forward-Looking Statements: Statements in
this release that are not historical are forward-looking
statements. These statements are based on management's current
beliefs and expectations. The forward-looking statements in this
release are subject to uncertainty and changes in circumstances and
involve risks and uncertainties that may affect the company's
operations, markets, products, services, prices and other factors
as discussed in the Huntsman companies' filings with the U.S.
Securities and Exchange Commission. Significant risks and
uncertainties may relate to, but are not limited to, financial,
economic, competitive, environmental, political, legal, regulatory
and technological factors. In addition, the completion of any
transactions described in this release is subject to a number of
uncertainties and closing will be subject to approvals and other
customary conditions. Accordingly, there can be no assurance that
such transactions will be completed or that the company's
expectations will be realized. The company assumes no obligation to
provide revisions to any forward-looking statements should
circumstances change, except as otherwise required by applicable
laws. DATASOURCE: Huntsman Corporation CONTACT: Media, Guy Wolff,
+41 61 299 2394, or Wai Lin Tan, +6 012 200 9649; or Investor
Relations, Kurt Ogden, +1-801-584-5959, all for Huntsman
Corporation Web Site: http://www.huntsman.com/
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