On March 28, Huntsman signed a contract with Shanghai Jinshan Second Industrial Park to formally settle a 28,000-ton-per-year thermoplastic polyurethane rubber project in the park. It is reported that the total investment of the project is 247 million yuan. After the project is put into production, the annual sales are expected to exceed 1 billion yuan.
Pan Lumin, president of Huntsman Polyurethanes' Asia-Pacific region, said that the project ’s formal settlement in the park demonstrates Huntsman ’s commitment and confidence in the Chinese market. In 2011, the first phase of Shanghai Huntsman Polyurethane Special Materials Co., Ltd. settled in the park with a registered capital of 8 million US dollars. This is the first time that the park has attempted to adopt a customized factory building model. After cooperation between the two parties in these years, a win-win situation has been achieved. To this end, Huntsman decided to expand production in the park to further meet the needs of the domestic market.
For a long time, in terms of corporate environment, Huntsman's production links have strictly adhered to safety standards and conducted data collection and statistics to prevent potential dangers. In terms of product research and development, Huntsman has long been committed to the development of new environmentally friendly materials, grasping every detail and reducing the emission of harmful substances. Huntsman is committed to creating a safer and more environmentally friendly green world through innovative materials.