Huntsman Invests Further in Asia

Huntsman Corp. says that Asia will account for about one-third of the company’s total sales within 5-6 years, up from 24% today. The company plans to invest almost $100 million in capital expenditure in Asia in 2011, roughly half of overall non-environmental, health, and safety spending. Asia revenues were about $2.2 billion in 2010, up 22% from 2009. The portion of overall sales generated in Asia has doubled from 12%, to the current 24% since Huntsman’s 2005 initial public offering....

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