Huntsman Textile Effects Inaugurates State-of-the-Art Reactive Dye Facility in Thailand to Boost Manufacturing Capability in Asia
Mahachai, Thailand - Huntsman Textile Effects (HTE), a division of Huntsman Corporation (NYSE: HUN) and a leading manufacturer of textile dyes and chemicals, today inaugurated a new specialty synthesis unit, further strengthening its manufacturing capability and presence in the Asian textile market by upgrading the existing facility at Mahachai. This move will further enhance Mahachai's comprehensive range of capabilities and award-winning operations. The newly installed unit specializes in the production of Textile Effects' flagship reactive dyes, including those incorporating Huntsman's proprietary fluorotriazine (CF3) chemistries. The inauguration ceremony was presided over by Peter Huntsman, President and CEO of Huntsman Corporation.
With this new investment, the Mahachai Specialty Synthesis Unit forms a key part of HTE's global manufacturing footprint. In addition to the Formulation Distribution Center co-located at the site, these assets position HTE to deliver on its commitment of speed and flexibility to customers in the region, especially in key markets such as India, China and Indonesia.
"The inauguration of the Mahachai Specialty Synthesis Unit is a demonstration of our commitment to Thailand as well as our confidence in the growth of the textile industry in the Asia Pacific region. This new investment will firmly position Huntsman as a truly competitive global and regional dyes and chemical manufacturer," said Paul Hulme, President for Textile Effects. "This synthesis unit is the only one in its class in terms of scale and quality of output which underpins our drive to be a leader in technological innovation in our industry."
This world-class center for the production of reactive dyes was upgraded recently at a cost of $12.5 million bringing the total investment to $17.5 million, comprising of a $5 million investment which was previously made in 2008 to allow the
facility to be a global center for the production of wool dyes. The site is equipped with state-of-the-art proprietary technology which boosts production capacity and efficiency while exceeding the most stringent global environmental and safety standards.
With this new specialty synthesis unit installed, the Mahachai facility secures its position as a crucial global supply point for reactive dyes and increases the company's service capability especially for the growing Asia market while also providing a strong platform to serve Textile Effects' customers outside of Asia.
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About Huntsman Textile Effects
Huntsman Textile Effects is the leading global provider of high quality dyes and chemicals to the textile and related industries. Research, innovation and sustainability are at the heart of what we do. We use cutting edge technology to develop solutions and create innovative products with intelligent effects such as built-in freshness, sun protection or state-of-the-art dyes which reduce water and energy consumption. All these go toward meeting the needs of our customers in supporting a more sustainable environment. With operations in 110 countries and 8 primary manufacturing facilities in seven countries (China, Germany, India, Indonesia, Mexico, Thailand, Switzerland), Huntsman TE is uniquely positioned to provide fast and expert technical service wherever our customers are based.
Huntsman is a global manufacturer and marketer of differentiated chemicals. Our 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 has approximately 12,000 employees and operates from multiple locations worldwide. The Company had 2011 revenues of over $11 billion. For more information about Huntsman, please visit the company's website at www.huntsman.com.
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. The company assumes no obligation to provide revisions to any forward-looking statements should circumstances change, except as otherwise required by applicable laws.