Market Dynamics
Huntsman to expand PU business in China
Time: 2013-12-16 Source from: www.plasticsnews.com
ROMULUS, Mich.—Huntsman Corp. has announced plans to expand its polyurethanes business with a new propylene oxide methyl tert-butyl ether plant in China, and it expects that to progress in the next few months.
During a Bank of America Leveraged Finance Conference, the company said it yet has received regulatory approval from the Chinese government for earlier plans to build a new MDI plant with BASF.
Huntsman’s chief financial officer J Kimo Esplin said: “We’re optimistic that we will achieve that in the next quarter or so and be able to move forward.”