) Performance Products division has announced that it will expand
its global polyetheramines (PEA) capacity by at least 15%. The
company made this announcement as it is debottlenecking three of
its PEA manufacturing plants globally.
Polyetheramines enhances the performance of epoxy systems
which are used in industrial and decorative coatings and sports
equipment. Huntsman is seeing meaningful mid-term growth in the
sector, backed by continued emergence of new amine
Huntsman has currently undertaken expansion activities in the
Americas, Europe and Asia. The company expects projects at its
Conroe, TX, Llanelli, Wales (UK) and Singapore sites to be fully
operational by May 2014. Apart from increasing the capacity,
Huntsman's debottlenecking projects will enhance its
manufacturing flexibility globally. The company however did not
disclose the financial investment and capacity.
Huntsman with annual sales of more than $11 billion makes
differentiated chemicals. The company makes products for an array
of industries including chemicals, plastics, automotive,
aviation, textiles, paints and coatings, construction,
technology, agriculture, health care, appliances and
Huntsman's Performance Products division is a global producer
of intermediate and technologies that add value to customers
worldwide. The division's innovative solutions find application
in the most diverse markets. The division's family of industrial
and consumer-oriented intermediates are primarily based on
amines, surfactants, carbonates and maleic anhydride.
Huntsman currently carries a short-term (1 to 3 months) Zacks
Rank #3 (Hold).
Some better-ranked stocks in the chemical industry include
L'Air Liquide SA
Northern Technologies International Corp.
). While L'Air Liquide and Northern Technologies International
hold a Zacks Rank #1 (Strong Buy), Ashland retains a Zacks Rank
AIR LIQUIDE-ADR (AIQUY): Get Free Report
ASHLAND INC (ASH): Free Stock Analysis Report
HUNTSMAN CORP (HUN): Free Stock Analysis
NORTHERN TECH (NTIC): Free Stock Analysis
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