EVERBERG, Belgium, May 20 /PRNewswire-FirstCall/ -- The Performance
Products division of Huntsman Corporation (NYSE: HUN) announced
today that it will expand manufacturing capacity of its JEFFAMINE®
polyetheramine manufacturing facility located on Jurong Island,
Singapore. The planned expansion
is anticipated to occur by the end of the third quarter of this
year and will increase existing capacity by more than 50%.
Daniele Ferrari, President of
Performance Products said, "We have been extremely pleased with
this Singapore investment and the
ongoing support provided to us by our customers and the
Singapore authorities. It is
very gratifying to have this opportunity to invest further in the
Jurong Island facility."
"This facility, which began operations in 2007, has been a
critical strategic manufacturing platform in meeting the regional
demands for JEFFAMINE® polyetheramines in Asia over the past three years. Rapidly
growing regional demand necessitates this additional investment to
meet the markets' increasing requirements," said Steve Stilliard,
Vice President, Performance Products – Asia Pacific.
About Huntsman:
Huntsman 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. For more information about
Huntsman, please visit the company's website at
www.huntsman.com.
Note: JEFFAMINE® is a registered trademark of Huntsman
Corporation or one of its affiliates in one or more, but not all,
countries.
Forward Looking Statement:
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.
SOURCE Huntsman Corporation