Huntsman Opens PUR System House to Produce Pre-polymer & Polyol Blends in Indonesia
- Jul 26, 2012
Hong Kong -- Huntsman Corporation (NYSE: HUN) announced that its Polyurethanes division has opened a systems house focusing on specialities and differentiated products at its Gandaria site, near Jakarta, Indonesia.
The plant has been purpose-built to produce pre-polymer and polyol blends for Indonesia's fast-growing MDI systems market - with a particular focus on the insulation, automotive and footwear segments - and has a fully equipped technical laboratory to test and develop new products.
Commenting on the new facility, Vincent Wang, Polyurethanes' Vice President, Asia Pacific said: "The new systems house reflects our long-term commitment to the local market and it enables us to significantly improve our support to the growth of our customers and the market. We've strengthened our team over the past few years in readiness for the new facilities coming on line and we're now in a position to offer a more solutions-oriented approach to customers".
The Gandaria site is located approximately 25 kilometres from the centre of Jakarta and is shared with Huntsman's Textile Effects division.
Huntsman Polyurethanes operates a network of systems houses across the South East Asia region.
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 approximately 12,000 employees and operates from multiple locations worldwide. The company had 2010 revenues of over $9 billion.
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.
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