Huntsman invest Rs 45 crore FOR system house

Huntsman to invest Rs 45 crore FOR system house

3:14 PM, 8th June 2011
Huntsman to invest Rs 45 crore FOR system house


MUMBAI, INDIA: The polyurethanes division of Huntsman Corporation said it has plans to expand its polyurethane production capabilities in India. Over the next year, Huntsman will invest Rs 45 crore ($ 10 million ) in the construction of a world-class system house in Pune, India - an industrial area on the outskirts of Mumbai favoured by major Indian and multi-national companies.


The new facility - scheduled to be operational by the end of first quarter of 2012 will replace Huntsman’s existing system house in Thane, Mumbai which has limited scope for expansion and occupies land that is due to transfer back to its owner shortly.


Construction of a purpose-built modern system house at Pune will enable Huntsman to capitalise on its leading position in the Indian polyurethanes market, enhance its range of services and continue to supply local customers. Demand for Huntsman's Methylene Diphenyl Diisocyanate (MDI) products is rising across India's manufacturing sector.


Plans for the eight-acre site at Pune include a modern development machine hall and large scale blending facilities to enable supply, both in bulk and in intermediate bulk containers. "India is the world's second fastest growing economy. We are predicting a large spike in demand for MDI across the region because of economic growth pattersn. The new system house will be optimised to meet our specific production and blending requirements. It will give us room for future growth, reflecting our long-term commitment to the provision of high-quality polyurethane products and first-class customer services across the entire Indian sub-continent," said Nick Webster, Vice President- Polyurethanes, Huntsman.

© Business Standard News




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