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Wednesday 30 May 2018

Huntsman plans new polyurethane systems house in Dubai




Huntsman Corporation (HUN) plans to build a new polyurethanes systems house in Dubai. Located within the Jebel Ali Free Trade Zone (JAFZA), the new facility will strengthen Huntsman’s differentiated downstream capabilities in the heart of the Middle East.
Targeted for completion by the second half of 2019, Huntsman’s investment will increase the company’s systems production capacity in the region and add a new dimension to its polyester polyol capabilities. The Dubai systems house will complement the company’s two existing systems houses in the Middle East, in Turkey (Huntsman EMA) and Saudi Arabia (HAPC - a joint venture with the BCI Group of Companies), forming three strong pillars for growth.
Gulum Kabil, general manager of Huntsman polyurethanes’ business activities in the Middle East and Turkey, will manage the new systems house.
“This is a bold and timely investment, which will serve as a strategic platform to expand our business in the Middle East and North Africa and build our market-leading position. It represents the next step in our plan to strengthen our downstream network. We now have 30 facilities worldwide, which provide innovative solutions in close proximity to our customers,” said Tony Hankins, president Huntsman’s polyurethanes division.

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