Additional production line at Osnabrück, Germany
The Woodlands, TX, November 22, 2007 - Huntsman Corporation today announced it will expand capacity at its Osnabrück, Germany TPU facility by investing in a new line to produce specialist high performance TPU grades. The new line is expected to come on stream during the second half of 2008. Capacities and financial details were not disclosed.
We are expanding capacity due to increasing customer demand especially in Asia, Eastern Europe and the Middle East and this investment fits neatly into our global growth strategy said Ron Gerrard, Vice President of Global Operations for Huntsman's polyurethanes business. TPUs, which combine the advantages of rubber polymers with those of thermoplastics, are increasingly displacing more traditional materials in a variety of end-use markets and this new line strengthens our ability to meet this opportunity he added.
Huntsman TPUs, made at Osnabrück and at Ringwood, Illinois (USA) and sold under the IROGRAN®, IRODUR®, IROSTIC®, IROCOAT®, KRYSTALFLEX® and KRYSTALGUARD® TPU trade names, are injected or extruded to produce a wide range of products such as footwear, wire and cable encapsulations, hose, tubing, films and sheet. They are also used to produce coated and laminated textiles, protective/functional coatings and adhesives.
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 13,000 employees and operates from multiple locations worldwide. The Company
had 2006 revenues of over $13 billion. For more information about Huntsman, please visit the company's website at http://www.huntsman.com.
Note to editors: IROGRAN®, IRODUR®, IROSTIC®, IROCOAT®, KRYSTALFLEX® and KRYSTALGUARD® TPU are registered trademarks of Huntsman Corporation or an affiliate thereof in one or more, but not all, countries.