Huntsman Explores Options to Further Expand its JEFFAMINE(R) Polyetheramine Manufacturing Capacity in Asia
The Performance Products division ofHuntsman Corporation announced today that it has launched a study into options to further expand its JEFFAMINE(R) polyetheramine manufacturing capacity in Asia. This follows recent announcements of expansion in the product line at its facilities in Singapore and Wales. The study, to be completed by end of the third quarter this year, will examine the feasibility of installing new capacity within Asia across various locations, including the option of expanding its Jurong Island, Singapore operation.
Daniele Ferrari, President of the Performance Products division said:
"We have a strong commitment to the polyetheramine business around the world, and we are striving to ensure that we can meet customers' growing expectation through timely and appropriate investment in Asia."
Steve Stilliard, Vice President, Performance Products - Asia Pacific added:
"Demand for JEFFAMINE(R) polyetheramines in Asia continues to grow rapidly, and we are looking to anticipate our diverse customers' requirements by planning further capacity within the medium term,"
Huntsman (NYSE:HUN) 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 11,000 employees and operates from multiple locations worldwide. The Company had 2009 revenues of approximately $8 billion.
Published 18/06/2010
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