Company Donation Being Matched by Brynn and Peter Huntsman (NYSE:) for Total of $1,000,000
THE WOODLANDS, Texas, April 3, 2024 /PRNewswire/ -- Huntsman associates participated in a celebratory groundbreaking event on Wednesday to help expand the Montgomery County Food Bank in Conroe, Texas. A longtime benefactor of MCFB, Huntsman Corporation's $500,000 donation over five years is also being matched by Brynn and Peter Huntsman. This combined donation of $1,000,000 “ in partnership with other donations “ will help expand the nonprofit's facility by 18,000 square feet.
The $6.5 million expansion project known as Build Today, Feed Tomorrow is also supported by a grant through the Texas Legislature. Construction is expected to be completed by the end of 2024 and will include additional cold storage, a new welcome center, communal spaces, warehouse storage and parking upgrades. Expanding the food bank will allow the facility to optimize food donations and "rescue" food that would otherwise spoil, saving more than 110,000 pounds of produce. This will help MCFB serve an additional 5,000 households per month.
"We're extremely passionate about the work MCFB does to serve families in need across Montgomery County, and we're pleased to see this much-needed expansion break ground," said Huntsman Chairman, President and CEO Peter Huntsman.
The MCFB served more than 80,000 clients per month in 2023, a 23% increase from 2022, due to rising food costs and ongoing inflation.
"If there were ever a cause that can and should unite a community, it's bringing together as many resources as possible to stamp out hunger. There are children and seniors and many others in households across our community who rely on the food bank to make it through the month," Huntsman said.
About Huntsman:
Huntsman Corporation is a publicly traded corporation headquartered in The Woodlands, Texas, in the United States of America. Huntsman is a global downstream, differentiated, and specialty chemicals company. For more than 50 years, we have been using science and ingenuity to innovate and create products that enable more sustainable and comfortable lives for millions of people around the world. In 2023, Huntsman had more than 6,000 associates working in nearly 60 manufacturing, research and development (R&D), and operations facilities in 25 countries. Through our three divisions, we produce approximately 6,250 products to serve a broad and diverse range of consumer and industrial end markets including aerospace, transportation, building and construction, consumer goods, energy and fuels, and food preservation. For more information about Huntsman, please visit www.huntsman.com.
Social Media:
X: www.twitter.com/Huntsman_Corp
Facebook (NASDAQ:): www.facebook.com/huntsmancorp
LinkedIn: www.linkedin.com/company/huntsman
3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure
here or
remove ads
.
