Huntsman Corporation (NYSE: HUN) today announced a major step towards expanding one of its key product lines by launching a multi-million dollar in-depth engineering study at its McIntosh, Alabama facility. Huntsman's expanded multifunctional resins capacity will serve the current and future needs of its customers in the aerospace and composite industries.

Huntsman Advanced Materials, the global market leader in multifunctional epoxy resins, has invested significantly during 2011, expanding its capacity and capability to produce multifunctional epoxy resins both in the United States and in Europe by doubling the capacity at its Monthey, Switzerland facility and enhancing its current capability to produce purified resins at its McIntosh site.

Once completed, the new line will further boost global production of all types of multifunctional epoxy resins.

James Huntsman, President Advanced Materials Division, said, "Demand for multifunctional epoxy resins, as a replacement for aluminum and other materials and the forecasted needs of the aerospace industry are major factors influencing this decision. We are committed to our valued customers in the aerospace and high-end composite industries."

Huntsman continued, "These investments will bring enormous benefit and value to our customers around the world, helping them address some of the engineering challenges they face over the coming years to produce lighter, more efficient materials. I am also delighted this project will create hundreds of jobs at our McIntosh site."