THE WOODLANDS, TEXAS (Sept. 26, 11:30 p.m. ET) — Huntsman Corp. plans to invest about $40 million to build a new Asia Pacific Regional Technology Center (ATC) in Shanghai.
The facility will include machine halls, laboratories and offices, accommodating up to 400 workers. It will replace a nearby Technology Center that opened in September 2008, Huntsman said in a news release.
“The Huntsman technology center will be completely aligned to support Asia's fast-growing industries, including developing new energy-saving material solutions for the strategic industries as outlined in China's 12th Five-Year Plan,” said Anthony Hankins, Huntsman's CEO Asia Pacific.
The company also has centers in The Woodlands and Brussels, Belgium as well as smaller regional centers.