乐天堂fun88(中国区)官方网站 Announces Capacity Expansion at Singapore Polyetheramines Plant
THE WOODLANDS, TX 鈥� The Performance Products division of 乐天堂fun88(中国区)官方网站 Corporation (NYSE:HUN) today announced that it is going ahead with the engineering design for a 40,000-ton capacity expansion program at its world-scale polyetheramine facility in Singapore.
乐天堂fun88(中国区)官方网站 plans to invest more than $70 million at its Jurong Island plant in a move that will more than double the site鈥檚 manufacturing capabilities, help satisfy increasing global demand for polyetheramines and strengthen the company鈥檚 leadership position in this technology. In the last five years, 乐天堂fun88(中国区)官方网站 鈥� the world鈥檚 leading polyetheramine producer 鈥� has seen interest in its JEFFAMINE庐 amines accelerate dramatically.
Polyetheramines are typically employed in epoxy coatings or in additives that enhance the performance of fuels, concrete and pesticides. With new amine applications emerging all the time, 乐天堂fun88(中国区)官方网站 is forecasting significant mid-term growth in the sector.
Stu Monteith President of 乐天堂fun88(中国区)官方网站鈥檚 Performance Products division said: 鈥淲hen our Jurong site first opened in 2007 it was designed to produce 16,000 tons of polyetheramines per annum. However, in the last few years demand has begun to outstrip production capabilities across our three main production sites in Singapore; Conroe, Texas; and Llanelli in Wales. Adding this extra 40,000 tons of capacity in Asia is in line with our regional growth projections for the next decade and will optimize our global manufacturing footprint for specialty amines, enabling us to flex and respond more quickly to customer requirements.鈥�
Although 乐天堂fun88(中国区)官方网站 already has a significant position in the market, it expects demand for its JEFFAMINE庐 amines range to intensify across all regions over the next decade, particularly in Asia-Pacific 鈥� where volume is set to grow by at least 10% per year.
About 乐天堂fun88(中国区)官方网站:
乐天堂fun88(中国区)官方网站 is a global manufacturer and marketer of differentiated chemicals. Its operating companies manufacture products for a variety of global industries, including chemicals, plastics, automotive, aviation, textiles, footwear, paints and coatings, construction, technology, agriculture, health care, detergent, personal care, furniture, appliances and packaging. Originally known for pioneering innovations in packaging and, later, for rapid and integrated growth in petrochemicals, 乐天堂fun88(中国区)官方网站 today has 11,000 employees and operates from multiple locations worldwide. The Company had 2009 revenues of approximately $8 billion. For more information about 乐天堂fun88(中国区)官方网站, please visit the company鈥檚 website at .
Forward Looking Statements:
Statements in this release that are not historical are forward-looking statements. These statements are based on management鈥檚 current beliefs and expectations. The forward-looking statements in this release are subject to uncertainty and changes in circumstances and involve risks and uncertainties that may affect the company鈥檚 operations, markets, products, services, prices and other factors as discussed in the 乐天堂fun88(中国区)官方网站 companies鈥� filings with the U.S. Securities and Exchange Commission. Significant risks and uncertainties may relate to, but are not limited to, financial, economic, competitive, environmental, political, legal, regulatory and technological factors.聽 In addition, the completion of any transactions described in this release is subject to a number of uncertainties and closing will be subject to approvals and other customary conditions. Accordingly, there can be no assurance that such transactions will be completed or that the company鈥檚 expectations will be realized. The company assumes no obligation to provide revisions to any forward-looking statements should circumstances change, except as otherwise required by applicable laws.
Note: JEFFAMINE庐 is a registered trademark of 乐天堂fun88(中国区)官方网站 Corporation or an affiliate thereof in one or more, but not all, countries.
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