Huntsman opens formulations manufacturing unit In Vietnam

RMG Times
মঙ্গলবার, আগস্ট ২৮, ২০১৮
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Fibre2Fashion: US-based Huntsman Corporation recently announced opening a multipurpose facility at the Amata Vietnam Industrial Park near Ho Chi Minh City. Housing the company’s polyurethanes and advanced materials businesses, the site comprises a manufacturing unit, a research centre, a technical service centre, a warehouse, distribution space and a commercial office.

“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. These products will be consumed primarily in Vietnam, with the balance being exported to Cambodia,” said Tony Hankins, Huntsman’s CEO for Asia Pacific and president of the polyurethanes business.

The facility will enable the company to collaborate more effectively with Vietnamese customers and will also strengthen its strategy of globalizing downstream bolt-on acquisitions, a company press release quoted him as saying.

The first manufacturing expansion investment outside China for the company’s business in Asia Pacific, the new plant will give it the capability to efficiently supply customers across the ASEAN region with high quality electrical insulation, coatings and adhesive solutions, according to Scott Wright, president of the firm’s advanced materials business.

Apart from this facility, Huntsman has a distribution warehouse located in the inland container depot at Long Binh in Dong Nai Province and a site in Hanoi that offers technical service.