Chemicals Firm Huntsman Opens New Formulations PlantChemicals Firm Huntsman Opens New Formulations Plant

August 23, 2018

2 Min Read
Chemicals Firm Huntsman Opens New Formulations Plant
Image courtesy of Huntsman

Chemicals manufacturer Huntsman Corporation recently opened a new, multi-use facility near Ho Chi Minh City, Vietnam for its Polyurethanes and Advanced Materials businesses, containing manufacturing assets, R&D capabilities, and a technical service center, the company announced in a press release Thursday.

Located at the Amata Vietnam Industrial Park, the site specializes in the production of formulations and also contains warehouse and distribution areas and administrative office space. 

“At the new site, we’ll manufacture formulated systems for the footwear and automotive markets; rigid insulation foam used in construction and cold chain applications; and simulated wood for the furniture market,” said Tony Hankins, chief executive officer of Huntsman Asia Pacific and president of the firm’s Polyurethanes unit. “These products will be consumed primarily in Vietnam with the balance being exported to Cambodia. The facility will enable Huntsman to collaborate more effectively with Vietnamese customers and will also strengthen our strategy of globalizing downstream bolt-on acquisitions.”

The company said Vietnam’s double-digit growth in polyurethanes was a driver behind the investment. Huntsman also operates a distribution warehouse at the inland container depot in Long Binh. 

“This is the first manufacturing expansion investment outside China for our business in Asia Pacific and we see many opportunities in Vietnam to support large-scale infrastructure and construction projects in one of the fastest growing economies in the region,” said the president of Huntsman’s Advanced Materials business, Scott Wright, in a statement. “The new plant will give us the capability to efficiently supply customers across the ASEAN region with high quality electrical insulation, coatings, and adhesive solutions that will ensure these ambitious projects are implemented successfully.”

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