Huntsman Announces Joint Venture with Jurong Ningwu Chemical Co.
January 14, 2010
THE WOODLANDS, TX - The Polyurethanes division of Huntsman Corp. has announced the creation of a new, China-based, joint venture with Jurong Ningwu Chemical Co. Ltd. to research, develop, manufacture and sell base polyether polyol products.
The joint venture company will be known as Jurong New Ningwu Chemical Co. Ltd. and will be located in Jurong City, in the south of Jiangsu province. It will be run as a standalone operation, led by Ying Jun, General Manager of the joint venture.
“We are committed to the long-term development of our business in China, and the joint venture with Ningwu is the latest step in our program to build capability in this dynamic growth market,” said Tony Hankins, President of Huntsman’s Polyurethanes division. “We’re very excited to be partnering with one of the major polyols producers in the country and look forward to combining our unique talents to achieve sustained success.”