US Huntsman breaks ground on $40m Asia-Pacific tech centre

16 February 2012 05:02  [Source: ICIS news]

SINGAPORE (ICIS)--US-based chemicals producer Huntsman held a groundbreaking ceremony for its Asia-Pacific Technology Center at Shanghai in China on 15 February, it said late on Wednesday.

The $40m (€31m) facility, which is located at the Minhang Economic and Technological Development Zone, will be able to start operations by the middle of 2013, the company said in a statement.

“The centre will focus on supporting Asia’s fast-growing industries, including developing cutting-edge energy-saving material solutions for strategic emerging industries as outlined in China's 12th Five-Year Plan,” said Anthony Hankins, CEO of Huntsman’s Asia-Pacific business.

The centre, which will include machine halls, laboratories and offices, will accommodate up to 400 technical experts from different business divisions, the company said.

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

($1 = €0.77)

By: Nurluqman Suratman

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