Huntsman Increases Polyurethane Catalyst Capacity in Petfurdo, Hungary
FOR IMMEDIATE RELEASE
September 19, 2018
THE WOODLANDS, Texas - Huntsman Corporation (NYSE:HUN) today announced that its Performance Products division has completed an expansion of specialty amines manufacturing capacity at its facility in Petfurdo, Hungary. This expansion increases its existing polyurethane catalyst production capacity globally by over 20 percent. In recent years, Huntsman, one of the world’s leading amine catalyst producers, has seen interest in its JEFFCAT® amine catalysts accelerate across the globe. These specialty products are used to make everyday items such as foam automobile seats, mattresses, and spray insulation.
“This capacity expansion leverages our strong manufacturing and technology base, which is already one of the widest in-house specialty amines manufacturing capabilities in the industry,” said Gwen Fonck, Vice President, Huntsman Performance Products, Europe, Middle East & Africa. “We have consistently improved our capability and extended the product range manufactured at our Petfurdo location over the last ten years. This new capacity demonstrates our commitment to our customers in the growing segments of the polyurethane industry,” she added.
JEFFCAT® is a registered trademark of Huntsman Corporation or an affiliate thereof in one or more, but not all, countries.
Huntsman Corporation is a publicly traded global manufacturer and marketer of differentiated and specialty chemicals with 2017 revenues of approximately $8 billion. Our chemical products number in the thousands and are sold worldwide to manufacturers serving a broad and diverse range of consumer and industrial end markets. We operate more than 75 manufacturing, R&D and operations facilities in approximately 30 countries and employ approximately 10,000 associates within our four distinct business divisions. 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, volatile global economic conditions, cyclical and volatile product markets, disruptions in production at manufacturing facilities, reorganization or restructuring of Huntsman’s operations, the ability to implement cost reductions and manufacturing optimization improvements in Huntsman businesses, and other 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.