THE WOODLANDS, Texas,
June 18 /PRNewswire-FirstCall/ -- The
Performance Products division of Huntsman Corporation (NYSE: HUN)
announced today that it has launched a study into options to
further expand its JEFFAMINE® 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."
"Demand for JEFFAMINE® 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," added 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 to editors: 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