Huntsman Presents at 2015 China Lightweight Vehicle Summit
Araldite® Brand Boosts the Popularization of structural composites in Automotive Industry
Shanghai, China, May 19th, 2015 - At 2015 China Lightweight Vehicle Summit, Huntsman Advanced Materials showcased Araldite® resin systems for high-performance composite parts production enabling weight reduction, driving less CO2 gas emission or allowing more space for battery installation in electrical cars. MR.THIERRY PERCHET, Marketing Director, APAC/INDIA, Huntsman Advanced Materials, delivered a keynote speech at the summit conference which outlined the history of Huntsman Advanced Materials in China, reaffirmed Huntsman's commitment to local industry and its efforts to systematically develop the auto industry in China.
Huntsman's high-performance resin system has long been recognized in the automotive industry. In 1946, the Araldite® brand was launched as the world's first epoxy resin. In the past 70 years, Araldite® resin systems have been delivered to many industries including automobile manufacturers worldwide.
Huntsman's composites systems are accomplished in the world of motorsport, and supercars and have helped a number of Formula One teams to improve overall performance including reducing their car weight and largely increasing the safety for drivers. Recently the Araldite® resin system has been selected by BMW I3 and I8 for its fast curing behavior and overall mechanical performances.
According to the report from the National Development and Reform Commission, a quarter of China's territory on land now suffers from some form of pollution while the number of automobiles on the road continues to rise. Worsening atmospheric pollution has increased the demand for the auto industry to develop green initiatives. There is also an increasing interest on cleaner vehicles like electrical.
"With High pressure RTM system and Dynamic Fluid Compression Molding (DFCM) Process, Araldite® resin system really can achieve Composite parts mass production up to 1,000 parts/day with the right automation level. We even reach Aerospace performances while keeping same opportunity of functions integration." said Mr. Perchet. "This breakthrough technology significantly promotes the development of lightweight vehicles." Huntsman is pledged to fulfilling its commitment of "Taking the Pursuit of Excellence as its own Duty." It will continue to seek insights into the industrial requirements of lightweight vehicles in order to promote sustainability of the industry.
To further strengthen its local capabilities and ability to meet growing APAC demand, Huntsman has invested US$40 million to establish its Asia Pacific Technology Center in Shanghai in 2013. The more than 20,000 SQM ATC Phase II is the largest hub with the most advanced technology of its kind in Asia. Its establishment stands is evidence of the great importance which Huntsman attaches to the Asia-Pacific market and the long-term investment which Huntsman commits to the region.
ENDS
About Huntsman:
Huntsman Corporation is a publicly traded global manufacturer and marketer of differentiated chemicals with 2014 revenues of approximately $13 billion including the acquisition of Rockwood’s performance additives and TiO2 businesses. Our chemical products number in the thousands and are sold worldwide to manufacturers serving a broad and diverse range of consumer and industrial end markets. We operate more than 100 manufacturing and R&D facilities in more than 30 countries and employ approximately 16,000 associates within our 5 distinct business divisions. For more information about Huntsman, please visit the company's website at 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.