US Huntsman to build $40m Asia-Pacific technology centre in China

26 September 2011 12:56  [Source: ICIS news]

LONDON (ICIS)--Huntsman will invest around $40m (€30m) to build a new regional technology centre in Shanghai, China, the US-based chemicals producer said on Monday.

Construction is expected to start in January 2012, with completion planned for mid-2013, Huntsman said in a statement.

“The Huntsman technology centre will be completely aligned to support Asia’s fast-growing industries, including developing new energy-saving material solutions for the strategic industries as outlined in China’s 12th Five-Year Plan,” the company’s CEO for Asia-Pacific Anthony Hankins said.

The centre, to be built in Shanghai’s Minhang Economic and Technological Development Zone, will replace an existing one nearby that opened in September 2008.

“This facility will complement existing technology centres in The Woodlands, Texas, and Brussels, Belgium, as well as smaller regional centres,” Huntsman said.

($1 = €0.74)

For more on Huntsman visit ICIS company intelligence

By: Graeme Paterson
+44 20 8652 3214

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