08:56 | 04/09/2018 Economy
Huntsman Corporation, a US manufacturer and chemical company, opened a multi-purpose facility at the Amata Vietnam Industrial Park in the southern province of Binh Duong on August 23.
|Huntsman Corporation’s executives at the opening ceremony - Photo: VNA|
The facility will house Huntsman’s polyurethanes and advanced materials businesses, its manufacturing and research and development facilities, a technical service centre, warehouse and distribution space, and a commercial office.
Huntsman’s CEO Asia Pacific and president of the polyurethanes business, Tony Hankins, said his company has been seeing double digit growth rates for polyurethanes for a sustained period and fully expects this to continue.
According to him, at the new site, the corporation will manufacture formulated systems for footwear, insulation foam used in construction and cold chain applications, simulated wood for furniture, and automotive applications.
“These products will primarily be consumed in Vietnam, with the balance being exported to Cambodia. The facility will enable Huntsman to collaborate more effectively with its customers based in Vietnam,” he said.
The company said this is its first manufacturing expansion investment outside China for its business in Asia Pacific.
The company also has a distribution warehouse located in the inland container depot at Long Binh in Dong Nai southern province and a site in Hanoi which offers technical services and comprises warehouse and distribution space and a commercial office.
Huntsman reported more than US$8 billion in revenues in 2017. It operates more than 75 manufacturing, research and development, and operations facilities in some 30 countries and employs around 10,000 people.