Boston, MA 09/30/2014 (wallstreetpr) – According to reports, Huntsman Corporation (NYSE:HUN) has announced its expansion plans through primary engineering works for methylene diphenyl diisocyanate. HUN will be investing in the new plant of MDI that is located in Geismar, Louisiana.
Insights of the expansion:
Initial expansion will enhance the capacity of the plant by 400,000 metric ton and lead to few other developments like strong logistics base, US shale gas and excellent integration. Huntsman Corporation (NYSE:HUN) keeps trying different things to offer attractive services to its customers worldwide. If everything goes fine, then the new facility will become ready by 2018, provided regulatory approvals, and clients’ approval are in place. Once it is ready, HUN will be able to offer high-quality service further to its clients across the world. MDI capacity is under a review and expansion of 500ktes as of now, which is supposed to be finished by next year.
Over the past few years, quite a few companies have started producing MDI in US, but no company has a larger capacity than the 760 acre Geismar site of Huntsman Corporation (NYSE:HUN). These days MDI based polyurethanes are used in a wide range of markets and applications i.e. automotive, construction, footwear and coating. Some of the most important benefits of this new facility include comfort, insulated and well-being energy efficiency solutions. Once the planned capacity is installed in this plant, it will regain its market leadership position once again and start supplying things to its clients all over the world.
The management of the company is very excited about this new facility. According to Anthony P. Hankins, President of Huntsman Corporation (NYSE:HUN), Shale gas has played an important role in strengthening national economics of investment. It has helped Geismar facility of the company to establish itself as one of the most cost effective facilities in the country. The new capacity will open new gates of success for the company.
