Huntsman Corporation's Performance Products division is planning to expand its manufacturing facility in Petfurdo, Hungary to meet the growing demand for polyurethane catalysts and specialty amines. The multi-million USD investment project is expected to be completed by mid-2023 and will increase Huntsman's global capacity and provide more flexibility and innovative technologies for various industries. Huntsman has seen increased demand for its JEFFCAT® amine catalysts, which are used in everyday items like foam for automobile seats and mattresses. The expansion will position the company for significant growth in line with global sustainability trends. Huntsman has also received a USD 3.8 million investment grant from the Hungarian government to support the project.
THE WOODLANDS, Texas - Huntsman Corporation (NYSE:HUN) today announced that its Performance Products division plans to further expand its manufacturing facility in Petfurdo, Hungary, to meet the growing demand for polyurethane catalysts and specialty amines. The multi-million USD investment project is anticipated to be completed by mid-2023. The brownfield facility is expected to increase Huntsman’s global capacity and to provide more flexibility and innovative technologies for the polyurethane, coatings, metalworking and electronics industries.
One of the world’s leading amine catalyst producers with over 50 years of experience in urethane chemicals, Huntsman has seen demand for its JEFFCAT® amine catalysts accelerate across the globe in recent years. These specialty amines are used in making everyday items like foam for automobile seats, mattresses, and energy-efficient spray foam insulation for buildings. Huntsman’s latest generation innovative product portfolio supports industry efforts to lower emissions and odors of consumer products and contributes to global sustainability efforts.
“This additional capacity builds upon our previous expansions to further improve our capability and expand our product range of polyurethane catalysts and specialty amines,” said Chuck Hirsch, Senior Vice President, Huntsman Performance Products. “With consumers increasingly demanding cleaner, eco-friendly solutions, this expansion will position us well for significant growth with these global sustainability trends,” he added.
Huntsman also is proud to have received a USD 3.8 million investment grant from the Hungarian government in support of this expansion project.
“We greatly appreciate this generous investment grant in support of our facility expansion in Hungary and look forward to working further with the Hungarian government to advance economic development in their country,” added Hirsch.
JEFFCAT® is a registered trademark of Huntsman Corporation or an affiliate thereof in one or more, but not all, countries.