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On August 31, 2021 at 8:00 a.
m.
ET, Huntsman Corporation announced that its Performance Products division plans to further expand its manufacturing facility in Peteverdo, Hungary to meet growing market demand for polyurethane catalysts and specialty amines.
demand
.
The multi-million dollar investment project is expected to be completed by mid-2023
.
The brownfield facility is expected to increase Huntsman's global production capacity and provide greater flexibility and innovative technologies for the polyurethane, coatings, metalworking and electronics industries
.
Huntsman, one of the world's leading producers of amine catalysts, has more than 50 years of industry experience in polyurethane chemicals
.
Demand for Huntsman's JEFFCAT® amine catalysts has accelerated globally in recent years
.
These specialty amines are used in the manufacture of everyday products such as car seat foam, mattresses, and energy-efficient spray foam insulation for buildings
.
Huntsman's latest-generation portfolio of innovative products helps industries reduce emissions and harmful gases from consumer products and contribute to global sustainability
.
Chuck Hirsch, senior vice president of Huntsman Performance Products, said: "This addition builds on our previous expansion and is intended to further increase our capacity and expand our range of polyurethane catalysts and specialty amines.
.
” As consumers increasingly demand clean, environmentally friendly solutions, this expansion will enable our company to achieve significant growth in the context of global sustainability trends
.
' he added
.
Huntsman was also fortunate to receive a $3.
8 million investment grant from the Hungarian government to support the expansion project
.
Hirsch added: “We are very grateful for this generous investment grant to support the expansion of our facilities in Hungary and look forward to further working with the Hungarian government to advance the country’s economy
.
”
*JEFFCAT® is a registered trademark of Huntsman Corporation or its affiliates in one or more countries, but not all countries
.
