Everberg, Belgium – The Performance Products division of Huntsman Corporation (NYSE:HUN) announced today that it will expand manufacturing capacity of its specialty amines manufacturing facility located in Llanelli, Wales. The planned expansion will increase existing capacity by more than 50%. The investment will boost its production capabilities primarily related to its JEFFAMINE® polyetheramines family of products, as well as for Diglycolamine® Agent (DGA® Agent) and morpholine.
Daniele Ferrari, President of Performance Products said, “The Llanelli site is a strategic cornerstone for meeting our global customer needs. This expansion represents our commitment to these high-growth product lines that we have identified as being strategically important for our future growth and complements other investments in our amine manufacturing capacity, especially in Jubail, Saudi Arabia where we have recently commissioned our joint venture world-scale ethyleneamine plant and announced a memorandum of understanding to study a future Morpholine-DGA® Agent investment.”
“This is great news for Llanelli and for Wales – and comes at a crucial phase of recovery from recession,” said Deputy First Minister Ieuan Wyn Jones. He added, “The Huntsman Corporation is a truly global player, and their decision to expand in Wales underlies the advantages our country offers as a location for ambitious companies”.
John Smyth, Vice President, Performance Products for Europe, Middle East and Africa, said: “This expansion is required to ensure Huntsman remains ahead of the demand curve and continues to satisfy the dramatic growth that we have seen in recent years for polyetheramines in the epoxy composite and construction market segments, as well as for Diglycolamine® Agent (DGA® Agent) and morpholine for gas treating and electronics end-uses.”
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, construction, 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 11,000 employees and operates from multiple locations worldwide. The Company had 2009 revenues of approximately $8 billion. For more information about Huntsman, please visit the company’s website at www.huntsman.com.
Note to editors: JEFFAMINE®, Diglycolamine® Agent and DGA® Agent are registered trademarks of Huntsman Corporation or one of its affiliates in one or more, but not all, countries.
Forward Looking Statement:
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 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 ob
ligation to provide revisions to any forward-looking statements should circumstances change, except as otherwise required by applicable laws.
Michael Scharf (Media)
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Kurt Ogden (Investors)
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