On March 18 2026, Huntsman Corporation opened the expanded Performance Products manufacturing facility in Petfurdo, Hungary. The new unit, which began operations earlier in the year, adds capacity for polyurethane, coatings, metalworking and electronics product lines, expanding the company’s global footprint.
The expansion is part of Huntsman’s strategy to strengthen its global footprint and enhance manufacturing flexibility. By increasing capacity in Hungary, the company can better serve fast‑growing markets and respond more quickly to customer demand across the polyurethane, coatings and electronics sectors. Jan Buberl, President of Huntsman Performance Products, said the new facility “builds on our long‑standing investments in Performance Products and strengthens our ability to support customers in fast‑growing and evolving markets.”
The project was supported by a grant from the Hungarian government, underscoring local confidence in Huntsman’s investment and the region’s economic development. The expansion aligns with Huntsman’s focus on differentiated and specialty chemicals, a strategy that has driven the company’s investment in advanced materials and sustainability. In the fourth quarter of 2025, Huntsman reported a net loss attributable to Huntsman of $96 million on revenues of $1,355 million, while the first quarter of 2025 saw a net loss of $5 million on revenues of $1,410 million. The company has also pursued cost‑saving measures, achieving an annualized cost‑savings run rate of $100 million by the end of 2025.
Market reaction to the facility opening was tempered by concerns about a Q4 2025 earnings miss, a cyclical slowdown in key construction and automotive markets, and oversupply and pricing pressures in the chemical sector. While the expansion signals operational progress, investors focused on the broader challenges facing the company’s core businesses.
The Petfurdo facility is a significant investment for Huntsman’s JEFFCAT® amine catalysts, a core product used in automotive seats, building insulation and other applications. The expansion supports the company’s goal of delivering cleaner, more efficient solutions and reflects its commitment to sustainability, operational excellence and long‑term value creation. The facility also houses a research and development unit that plays a key role in developing new technologies.
Overall, the opening of the expanded facility represents a major operational milestone for Huntsman, reinforcing its global manufacturing network and positioning the company to meet evolving customer demands while navigating a challenging macroeconomic environment.
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