Huntsman Opens Formulations Manufacturing Facility in Vietnam
The site will house Huntsman's polyurethanes and advanced materials businesses, and comprises manufacturing; R&D capabilities; a technical service center; warehouse and distribution space, and a commercial office.
Huntsman Corp. recently announced that it has opened a multi-purpose facility at the Amata Vietnam Industrial Park, near Ho Chi Minh City, Vietnam. The site, a greenfield investment, will house Huntsman's polyurethanes and advanced materials businesses, and comprises manufacturing; R&D capabilities; a technical service center; warehouse and distribution space, and a commercial office.
“Vietnam is one of the largest and fastest growing countries in Asia-Pacific. For polyurethanes, we've seen double-digit growth rates for a sustained period and fully expect this to continue,” said Tony Hankins, CEO, Asia-Pacific, and president, polyurethanes business. “At the new site, we'll manufacture formulated systems for the footwear and automotive markets; rigid insulation foam used in construction and cold chain applications; and simulated wood for the furniture market. These products will be consumed primarily in Vietnam, with the balance being exported to Cambodia. The facility will enable Huntsman to collaborate more effectively with Vietnamese customers and will also strengthen our strategy of globalizing downstream bolt-on acquisitions."
"This is the first manufacturing expansion investment outside China for our business in Asia-Pacific and we see many opportunities in Vietnam to support large-scale infrastructure and construction projects in one of the fastest growing economies in the region,” said Scott Wright, president of Huntsman's advanced materials business.
For more information, visit www.huntsman.com.