Huntsman Increases Specialty Amine Capacity
THE WOODLANDS TX – The Performance Products division of Huntsman Corporation (NYSE:HUN) today announced plans to expand capacity of specialty amines at its manufacturing facilities in Petfurdo, Hungary and in Conroe, Texas (USA). The new multipurpose unit at Petfurdo extends the Huntsman manufacturing portfolio, further leverages the company’s integrated amines capability and increases existing specialty amine production capacity by a minimum of 20% at that plant. The expansion in Conroe will add equivalent capacity and improve the flexibility of its specialty amine unit. The new capacities are planned to go on stream by 2016. The financial investment and capacity were not disclosed.
In the last several years Huntsman – the world’s leading manufacturer of specialty amines - has seen interest in many specialty amine product lines accelerate across the globe. Specialty amines are used by many industries including for the manufacture of polyurethane foams, coatings, lubricants and detergents.
Stu Monteith, President of Huntsman’s Performance Products division said: “The capacity expansion leverages our strong manufacturing and technology base and enhances what is already the widest in-house manufacturing capability across the industry. We have consistently improved capability and extended the product range manufactured at our Petfurdo location over the last 15 years. However, in the last few years demand has begun to fill production capabilities across our two main production sites in Petfurdo and Conroe, Texas. The new capacities show the commitment that we will build, ahead of the demand curve, to match our customers’ growth.”
For more information, please visit Huntsman’s Performance Products website: http://www.huntsman.com/performance_products/
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 titanium dioxide 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.
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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
CONTACT:Gary Chapman
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