THE WOODLANDS, TX - Huntsman Corp., The Woodlands, TX, announced that it will invest approximately $40 million to build a new Asia Pacific Regional Technology Center (ATC) in Shanghai’s Minhang Economic & Technological Development Zone. The center will support the rapidly growing demand from customers across the Asia-Pacific region.
The facility will comprise machine halls, laboratories and offices, accommodating up to 400 technical experts. It will replace the existing center, located nearby, which was first opened in September 2008. This facility will complement existing technology centers in The Woodlands, TX, and Brussels, Belgium, as well as smaller regional centers.
Construction for the new ATC is expected to start in January 2012, with completion planned for mid-2013. In parallel, part of the existing technology center will be converted into an auditorium and display area, which together with the new facility will form an integrated technology and innovation campus.