Brussels -- Huntsman Polyurethanes has opened a new systems house in Obninsk, near Moscow, on the same site as Huntsman's existing HNMG systems joint venture, set up in 2007.
Huntsman said the new facility will produce a wide range of polyurethane products to support the growth of its customers in the region.
"We have a long track record of commitment to the Russian and former Soviet Union (FSU) markets and this investment reflects our confidence in their future," commented Nick Webster, vice president Europe of Huntsman Polyurethanes division, in Huntsman's 19 Jan announcement.
The new facility will act as an extension of HNMG, and "strengthen our local capabilities to serve our customers, especially in insulation and automotive markets," added Webster, noting that, "Russia plays an important role within our global growth strategy."
"We are now able to produce a much wider range of products, locally, helping to further strengthen our established market position," said Simon Baker, commercial director of Huntsman Polyurethanes. "By combining local production facilities with efficient logistics and a regional distribution network, we aim to provide our customers with the highest levels of service and quality, across the whole region," he continued.
HNMG, with over 150 employees, makes and sells polyurethane systems to the adhesives, coatings and elastomers markets in Russia and other FSU countries. Huntsman said the operation has "state-of-the art manufacturing and distribution facilities in Obninsk," with branch offices in Belarus, the Ukraine and other parts of the region.
PIC: Sergey Ovcharov, NMG founder (right) with Huntsman's Simon Baker at the signing of the HNMG deal in 2007