Feedback Here

fbook  tweeter  linkin YouTube
Global contents also translated in Chinese

Huntsman to make in India

Huntsman is planning to manufacture differentiated chemicals in India. These will be for the domestic as well as the export markets. The aim to manufacture here is to ensure the local industry does not have to wait for consignments to arrive from overseas. Huntsman is a subsidiary of the American multinational, one of the world’s largest petrochemical manufacturers. Huntsman caters to a broad and diverse range of consumer and industrial end markets.

The per capita use of the company’s products in India is low but the company sees significant headroom to grow. Huntsman is looking at manufacturing and exporting out of India to the Middle East, Africa and neighboring countries. Apart from India, it has a significant presence in Bangladesh as its textile effect products are exported in large volumes.

The company reported an Indian subcontinent turnover of Z$475 million, including $349 million from India, last year. Currently Huntsman operates three manufacturing facilities in western India and is evaluating expansion plans. Right now it is evaluating the required amount of investment to have in the near future. It is reaching full capacity utilisation at its plants and needs to expand capacity. It is looking at both brownfield and greenfield expansions.

 
LATEST TOP NEWS
 


 
MOST POPULAR NEWS
VF Logo