Vietnam: Polyurethanes and Advanced Materials Huntsman Launches Multi-Purpose Facility
Vietnam has shown significant demand for polyurethanes and is one of the fastest growing countries in Asia Pacific. Hence, the firm has launched a facility which will comprise production of polyurethanes and advanced materials; R&D capabilities; a technical service center; warehouse and distribution space along with a commercial office.
Ho Chi Minh City/Vietnam – Huntsman Corporation has recently announced that it has opened a multi-purpose facility at the Amata Vietnam Industrial Park, near Ho Chi Minh City, Vietnam. The site is a greenfield investment, will house Huntsman’s Polyurethanes and Advanced Materials businesses, and comprises manufacturing; R&D capabilities; a technical service center; warehouse and distribution space along with a commercial office.
Commenting on the new facility, Huntsman’s CEO Asia Pacific and President of the Polyurethanes business, Tony Hankins, said: “Vietnam is one of the largest and fastest growing countries in Asia Pacific. For Polyurethanes, we’ve seen double digit growth rates for a sustained period and fully expect this to continue.” The company plans to 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. The products will be consumed primarily in Vietnam, with the balance being exported to Cambodia.
This is the company’s first manufacturing expansion investment outside China in the Asia Pacific region. With the new plant, Huntsman intends to efficiently supply its customers across the ASEAN region with high quality electrical insulation, coatings and adhesive solutions.
In addition to this facility, the firm has a distribution warehouse located in the inland container depot at Long Binh - Dong Nai Province, and a site in Hanoi which offers technical service and comprises warehouse and distribution space along with a commercial office.