29 May 2018
DETAILS
Huntsman Corporation (NYSE: HUN) today announced plans
to build a new polyurethanes systems house in Dubai.
Located within the Jebel Ali Free Trade Zone (JAFZA),
the new facility will strengthen Huntsman’s
differentiated downstream capabilities
in the heart of the Middle East.
Targeted for completion by the second half of 2019,
Huntsman’s investment will increase
the company’s systems production capacity in the region
and add a new dimension to its polyester polyol capabilities.
The Dubai systems house will complement
the company’s two existing systems houses
in the Middle East,
1. in Turkey (Huntsman EMA) and
2. Saudi Arabia
(HAPC - a joint venture with the BCI Group of Companies),
forming three strong pillars for growth.
Tony Hankins,
President Huntsman’s Polyurethanes division
“This is a bold and timely investment,
which will serve as a strategic platform
to expand our business
in the Middle East and North Africa
and build our market leading position.
It represents the next step in our plan
to strengthen our downstream network.
We now have 30 facilities worldwide,
which provide innovative solutions
in close proximity to our customers.”
Steen Weien Hansen,
Regional Vice President of Polyurethanes
“The MDI-based systems market in the Middle East
has delivered strong growth
in the last five years and this trend is forecast
to continue at estimated rates of 7% annually.
The construction of the new systems house will enable us
to supply
traditional and high-end rigid polyurethane formulations
from a local source.
It will also enable us to leverage our development
and production know-how
in polyester polyol and polyol blends
for the fast-growing flexible foam and footwear markets,
as well as pre-polymers for
adhesives, coatings and elastomers appl ications.”
Gulum Kabil, General Manager of Huntsman
Polyurethanes’ business activities
in the Middle East and Turkey,
will manage the new systems house.
READ MORE
Media Contact:
Ilse Vanden Brande
Tel: +32 (0) 2 758 9420
Email: ilse_vanden_brande@huntsman.com
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