29 July 2011 06:22 [Source: ICIS news]
SINGAPORE (ICIS)--US chemicals producer Huntsman has set up a new production unit for its textile effects business in Pakistan that is slated to open in August, company executives told ICIS in an interview on Friday.
“In three weeks’ time, we will open a new facility in Pakistan, which is a formulation/distribution centre,” said Paul Hulme, president for global textile effects at Huntsman.
Pakistan will be the 13th country in which Huntsman Textile Effects has a manufacturing presence, bringing the division’s global production facilities to 15.
The global textile effects division of Huntsman is headquartered in Singapore. In Asia, Huntsman’s textile effects business has a manufacturing presence in China, India, Thailand and Indonesia.
Financial details of the new manufacturing facility in Pakistan were not disclosed.
“This [new unit] is for local chemical production, specific for Pakistan. I think our capacity is enabled for 5,000 tonnes but immediately expandable, and so it’s a first step towards hopefully further investment in that country as the market develops,” said Kent Kvaal, vice president for specialty textiles at Huntsman.
The investment will allow the US firm to be more competitive in the Pakistan market, said Hulme.
“The manufacturing facility and the strong technical organisation to support customers will give us opportunity to grow in what is increasingly an important market,” he added.
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