MOSCOW (MRC) -- Huntsman has opened a multi-purpose facility at the Amata Vietnam Industrial Park, near Ho Chi Minh City, Vietnam, as per GV.
The site is 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.
Commenting on the new facility, Huntsman's CEO Asia Pacific and President of the Polyurethanes business, Tony Hankins, said: "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. 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 globalising downstream bolt-on acquisitions."
Scott Wright, President of Huntsman's Advanced Materials business, added: "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. The new plant will give us the capability to efficiently supply customers across the ASEAN region with high quality electrical insulation, coatings and adhesive solutions that will ensure these ambitious projects are implemented successfully."
In addition to this facility, Huntsman has a distribution warehouse located in the inland container depot at Long Binh – Dong Nai Province, and a site in Hanoi which offers technical service and comprises warehouse and distribution space and a commercial office.
As MRC wrote before, this summer, Huntsman Corporation announced plans to build a new polyurethanes systems house in Dubai. Located within the Jebel Ali Free Trade Zone (JAFZA), the new facility will strengthen Huntsman's differentiated downstream capabilities in the heart of the Middle East.
Huntsman Corporation is a publicly traded global manufacturer and marketer of differentiated and specialty chemicals with 2017 revenues of more than USD8 billion. Its chemical products number in the thousands and are sold worldwide to manufacturers serving a broad and diverse range of consumer and industrial end markets. The company operate more than 75 manufacturing, R&D and operations facilities in approximately 30 countries and employ approximately 10,000 associates within its four distinct business divisions.
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