Huntsman Increases Polyurethane Catalyst Capacity in Petfurdo, Hungary and Barcelona, Spain
EVERBERG BELGIUM – The Performance Products division of Huntsman Corporation (NYSE:HUN) today announced plans to expand manufacturing capacity of specialty amines used as polyurethane catalysts at its manufacturing facilities in Petfurdo, Hungary and in Barcelona, Spain. The expansions extend the Huntsman manufacturing portfolio, further leverage the company’s integrated amines capability and increase existing polyurethane catalyst production capacity by 25%. Financial details were not disclosed.
In the last five years Huntsman – the world’s leading low emission and 1K sealant catalyst producer – has seen interest in its JEFFCAT® amine catalysts accelerate across the globe.
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 10 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 capacity and addition of a third manufacturing site shows the commitment that we will build, ahead of the demand curve, to match our customers’ growth.”
John Smyth, Vice President, Performance Products, Additives and Home & Personal Care, said: “We see global demand in the low emission and 1K sealant markets continuing to grow and this expansion plan satisfies those needs and ensures we meet the burgeoning demand in the rapidly growing rigid spray insulation market.”
JEFFCAT® is a registered trademark of Huntsman Corporation or an affiliate thereof in one or more, but not all, countries.
For more information, please visit Huntsman’s Performance Products website: http://www.huntsman.com/performance_products/
About Huntsman:
Huntsman is a global manufacturer and marketer of differentiated chemicals. Our 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 has approximately 12,000 employees and operates from multiple locations worldwide. The Company had 2011 revenues of over $11 billion. 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. The company assumes no obligation to provide revisions to any forward-looking statements should circumstances change, except as otherwise required by applicable laws.
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