Huntsman Corp. recently announced it will invest approximately $40 million to build a new Asia Pacific Regional Technology Center (ATC) in Shanghai’s Minhang Economic & Technological Development Zone to support the rapidly growing demand for world-class technology and innovation from customers across the Asia-Pacific region. The state-of-the-art facility will comprise machine halls, laboratories and offices, accommodating up to 400 technical experts. It will replace the existing Technology Center, located nearby, which first opened in September 2008. The new facility will complement existing Technology Centers in The Woodlands, TX, and Brussels, Belgium, as well as smaller regional centers.
Construction for the new ATC is expected to begin in January, with completion planned for mid-2013. In parallel, part of the existing Technology Center will be converted into an auditorium and display area, which together with the new facility will form an integrated technology and innovation campus.
“The expansion of our research and technology capability in this key region reflects Huntsman’s desire and commitment to grow in partnership with our customers by delivering innovative solutions more effectively and efficiently,” said Anthony P Hankins, CEO of the company’s Asia-Pacific business. “The Huntsman technology center will be completely aligned to support Asia’s fast-growing industries, including developing new energy-saving material solutions for the strategic industries as outlined in China’s 12th Five-Year Plan.”
For more information, visitwww.huntsman.com.
Huntsman to Build Technology Center in Shanghai
October 5, 2011