Huntsman has opened a multi-purpose facility at the Amata Vietnam Industrial Park, near Ho Chi Minh City, Vietnam. The site will house the Polyurethanes and Advanced Materials businesses, and comprises manufacturing, R+D capabilities, a technical service centre, warehouse and distribution space, and a commercial office.
According to Huntsman, this is the first manufacturing expansion investment outside China for its business in Asia Pacific. In addition, the company 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.
|Tony Hankins, Huntsman’s CEO Asia Pacific and President of the Polyurethanes business, 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.”