Huntsman Opens New Asia Pacific Technology Centre In Shanghai, Providing World-Class Innovation Locally

Shanghai, PR China – Huntsman Corporation (NYSE: HUN), a leading global manufacturer and marketer of differentiated chemicals, today announced the official opening of its Asia Pacific Technology Centre (ATC) in Shanghai’s Minhang Development Zone, giving regional customers direct access to a world-class technology innovation resource.

The new Centre will initially accommodate research and technical experts from Huntsman’s Polyurethanes and Performance Products divisions, with the number of specialists expected to expand rapidly over the next few years. The ATC team will draw on the expertise of its counterparts at Huntsman’s Technical Development Centres in Europe and the USA, to speed the introduction of new technology platforms into the Asia Pacific market. The company’s team of regional specialists will provide extensive developmental and testing support to customers, providing custom-made solutions for Asia Pacific markets on a quick and efficient basis.

Tony Hankins, President of Huntsman Polyurethanes, who officially opened the new Centre, said, “Innovation is the lifeblood of our business – it underpins everything we do. With the opening of this excellent new facility, we are strengthening our commitment to customers in this key growth market, because we can now satisfy their technology needs on a more timely basis. Polyurethanes is one of the fastest growing market sectors in China, registering double-digit growth during the past five years. Huntsman is a market leader, having played an active role in developing the Chinese polyurethanes industry for more than 25 years and the ATC represents an important next step in our aim to build on this position.”

Don Stanutz, President of Huntsman Performance Products added “We plan to develop a highly trained team of home-grown technical specialists at the ATC which is ‘best in class’. Huntsman will continue to invest in this facility, bringing in new people and equipment, further developing its capability. As the Asia Pacific region and particularly China represents the highest growth rate globally for the Performance Products business, we are excited about the new ATC and look forward to growing our presence and our intellectual property assets in the region in the coming years.”