Huntsman and Shanghai Chlor-Alkali Chemical plan to double the MDI splitting capacity at their joint venture plant in Shanghai from 240,000 to 480,000 metric tons per year. The new plant will produce customized MDI products and is expected to start operations in 2017. This follows plans for a new 240,000 metric ton crude MDI plant adjacent to an existing one. The expansion will help meet growing Asian demand for higher quality differentiated polyurethane products. Huntsman owns 70% of the joint venture with the new plants part of an integrated isocyanates complex.
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China's chemical market is the world's largest which currently faces production overcapacity, slow growth of local demand, and high competition intensity. In this white paper, Solidiance addresses the questions on how to grow and maintain market position as many emerging competitors are moving up to the value chain through product upgrade, continuous innovation, and business expansion.
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