WASHINGTON (dpa-AFX) - Huntsman Corporation (HUN) has expanded its Performance Products division's manufacturing facility in Conroe, Texas.
This development aims to meet rising global demand from the semiconductor sector.
The newly added E-GRADE unit will enhance Huntsman's capabilities by producing high-purity, low-trace metal amines, such as quaternary amines and amine oxides, crucial for advanced chip manufacturing. The company emphasized its dedication to safety, quality, and manufacturing reliability, ensuring a streamlined production process from blending to packaging.
Chairman and CEO Peter Huntsman said the investment reflects their commitment to innovating semiconductor-grade products and strengthening global supply chains in response to AI-driven chip demand.
Jan Buberl, President of Performance Products, noted that Huntsman now possesses the global production capacity, research strength, and product range to become a leading supplier of semiconductor-grade amines.
Conroe Mayor Duke Coon highlighted the expansion's positive economic impact, citing job creation and the city's growing status as a center for high-tech manufacturing.
HUN is currently trading $13.25 or 0.45% lower on the NYSE.
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