Huntsman announced today that it has opened a multi-purpose plant at Amata Vietnam Industrial Park near Ho Chi Minh City, Vietnam. The plant is a greenfield investment that will be Huntsman's polyurethane and advanced The materials business provides services, integrating manufacturing, research and development capabilities; technical service centers; warehouse and distribution space and business offices.
Tony Hankins, CEO of Huntsman Asia Pacific and president of the polyurethane industry, said when talking about the new factory: 'Vietnam is one of the largest and fastest growing countries in the Asia Pacific region. In polyurethane, we look To double-digit continuous growth, and fully expect this growth to continue. In the new factory, we will produce a formulation system for the footwear and automotive markets; produce rigid insulating foam for construction and cold chains; Artificial wood in the furniture market. These products will be mainly consumed in Vietnam, and the rest will be exported to Cambodia. The plant will enable Huntsman to cooperate more effectively with Vietnamese customers and will strengthen our global downstream reinforcement acquisition strategy. . '
Scott Wright, president of Huntsman's Advanced Materials business, added: 'This is our first business in the Asia Pacific region to invest in manufacturing expansion outside of China. We have seen many opportunities in Vietnam, can be here One of the fastest growing economies in the region for large-scale infrastructure and construction projects. The new facility will enable us to provide our customers in the ASEAN region with high quality electrical insulation, coatings and adhesive solutions to ensure these ambitious projects Successful implementation. '
In addition to this facility, Huntsman also has a distribution warehouse in the inland container warehouse in Longping, Dong Nai, and a distribution service in Hanoi, including warehouse and distribution space and business offices.