- The U.K. plant will expand by 50,000 MTE, reaching 150,000 MTE annually.
- The expansion uses ICON chloride technology and will be operational in late 2007.
- Titanium dioxide is the key chemical involved, used in various consumer products.
- Huntsman had 2005 revenues of $13 billion with 15,000 employees in 24 countries.
Expansion Announcement
Huntsman Corporation has announced a 50,000 MTE expansion of its titanium dioxide manufacturing facility in Greatham, U.K. This will increase the plant's annual capacity to 150,000 MTE.
Technology and Timeline
The expansion will utilize Huntsman's proprietary ICON chloride technology. The new capacity is expected to be operational in the second half of 2007 and fully completed by early 2008.
Strategic Goals
This expansion is part of a series of steps Huntsman's Pigments business plans to take to strengthen its global position in the titanium dioxide market. Additional announcements are expected in the coming months.
Market Applications
Titanium dioxide is widely used as a white pigment in products such as paints, plastics, textiles, paper, food, and cosmetics, providing brightness and opacity.
Forward-Looking Statements
Statements in the announcement are forward-looking and subject to risks and uncertainties, including financial, economic, competitive, environmental, political, legal, regulatory, and technological factors. Huntsman assumes no obligation to update these statements unless required by law.
