The Woodlands, Texas - The Polyurethanes division of Huntsman Corp. announced today 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, to be known as Jurong New Ningwu Chemical Co. Ltd, will be based in Jurong City, in the south of Jiangsu province. It will be run as a standalone operation, led by Ying Jun, who has been apppointed general manager of the JV.
"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 programme to build capability in this dynamic growth market," said Tony Hankins, president of Huntsman's Polyurethanes division, in the group's 12 January announcement.
Describing Jurong Ningwu Chemical as one of the major polyols producers in the country, Hankins said Huntsman is looking forward to "combining our unique talents to achieve sustained success."
PIC: Committed to long-term development in China -- Tony Hankins, Huntsman Polyurethanes president