Hungarian Investment Promotion Agency

Founded in 1989, Huntsman Corporation Hungary is primarily engaged in the production of organic chemical raw materials and related development activities. The company operates in more than 30 countries worldwide with manufacturing and R&D activities, and places strong emphasis on developing materials that improve energy efficiency and reduce environmental impact.

The EUR 50 million investment focuses on expanding the production capacity of polyurethane catalysts and specialty amines. These materials are used, among other applications, in the production of car seats, mattresses, and insulation materials. The output of the newly created capacity is almost entirely destined for export markets.

The significance of the project is highlighted by the fact that this development is ten times larger than previous expansions in Pétfürdő, resulting in an approximately 30–40% increase in the company’s global capacity.

The R&D unit in Pétfürdő plays a leading role in the development of manufacturing technologies and new products within the company group. Its scope of activities extends not only to the Hungarian plant but also to Huntsman’s other facilities.

American investments typically strengthen high value-added sectors, among which the chemical industry holds a prominent position in the Hungarian economy. The sector directly employs around 100,000 people and indirectly supports the livelihoods of an additional 150,000.