Scaled Production of New Products Reduces Customers’ Expense, Risk
THE WOODLANDS, TX -- Huntsman Corporation (NYSE:HUN) today announced the completion of its new multi-million dollar Process Development facility at its Conroe, Texas specialties plant. This state-of-the-art facility will produce new products in intermediate scale quantities, ranging from a few drums to a railcar of material.
“As our customers develop and introduce new products to the market, it’s critical they have access to the intermediate quantities of materials this facility can provide in order to grow demand,” said Don Stanutz, President for Performance Products. “Production at this scale ensures a seamless transition to full scale production when the market is ready.”
Capable of operating core Huntsman chemistries such as amination, alkoxylation and hydrogenation among others, this facility will complement the research and development being done at the world-class Huntsman Advanced Technology Center located in The Woodlands, Texas. Huntsman now combines its innovative molecule bending competency with scaled production, further supporting customers as they introduce and scale new products.
“Our technical resources and expertise will allow our customers to differentiate themselves in the marketplace,” said Stanutz. “By enriching our innovative efforts around amines, we stay focused on our commitment to delivering new materials for our customers. In addition, this new process development facility adds to our sustainable chemistry platform by resourcing our strategic initiatives around naturally-derived feedstocks, which will also benefit our customers.”
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, constructi
on, 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 14,000 employees and over 75 operations in 24 countries. The Company had 2006 revenues from all operations of over $13 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 to negotiation and execution of definitive agreements among the parties 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.