Engineering News

Huntsman Companies Pledge an Initial
$1 Million to Tsunami Relief

Friday January 7, 1:29 pm ET

Huntsman Family to Undertake Separate Relief Initiative

HOUSTON, Jan. 7 /PRNewswire/ -- Peter R. Huntsman, President and CEO of the Huntsman companies, today announced an initial donation of $1 million to aid in the relief of victims of the tsunami disaster. Mr. Huntsman said $500,000 will be in cash from the company and its employees, and the company will make an additional $500,000 donation in material, supplies and similar in-kind contributions.

"We all have been horribly saddened and deeply impacted by this tragedy," said Mr. Huntsman. "Pictures of the aftermath defy description, and our hearts go out to those who have lost so much.

"The world will be dealing with the results of this catastrophe for many years to come, and our initial efforts will be just the first of many the company will make to help alleviate the suffering of those affected," he said.

Mr. Huntsman said the company also will work with its customers to develop and institute joint relief initiatives.

Independent of the company, the Huntsman family will initiate a long-term tsunami relief effort similar to what it did in Armenia following the earthquake that devastated that country in 1988. The family has had humanitarian initiatives underway in Armenia for more than 15 years, expending in excess of $50 million.

Jon M. Huntsman, founder and chairman of the Huntsman companies, who directs the family's philanthropic activities, commented, "We believe in taking a long-term, stepped approach to providing aid to disaster victims. We applaud those who make one-time contributions but believe we can positively impact more people by working closely with governments and local relief agencies over a long period of time to rebuild businesses, homes and lives."

As he did with Armenia, Mr. Huntsman said, he will conduct a detailed needs assessment and determine the most effective way to proceed before announcing specific relief steps.

Source: Huntsman

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