The Performance Products division of Huntsman Corporation (NYSE: HUN) announced today that it will expand manufacturing capacity of its JEFFAMINE® polyetheramine manufacturing facility located on Jurong Island, Singapore.
The planned expansion is anticipated to occur by the end of the third quarter of this year and will increase existing capacity by more than 50%.
Daniele Ferrari, President of Performance Products said, "We have been extremely pleased with this Singapore investment and the ongoing support provided to us by our customers and the Singapore authorities. It is very gratifying to have this opportunity to invest further in the Jurong Island facility."
"This facility, which began operations in 2007, has been a critical strategic manufacturing platform in meeting the regional demands for JEFFAMINE® polyetheramines in Asia over the past three years. Rapidly growing regional demand necessitates this additional investment to meet the markets' increasing requirements," said Steve Stilliard, Vice President, Performance Products – Asia Pacific.