Specialty chemicals company Huntsman Corp. HUN, -4.21% said Monday it will start making hydro alcoholic solution to produce hand sanitizers at its Monthey, Switzerland manufacturing site. The company said it will produce 50 tons of hand sanitizer and donate it to hospitals and pharmacies, with the first shipment of five tons expected to be delivered immediately. The company said it plans increased production to ensure a stable supply of three tons to five tons of hand sanitizer a week, as needed. "As this virus makes its way to every continent, we will continue to leverage our experience and knowledge in other regions, including the U.S.," said Chief Executive Peter Huntsman. The stock, which rose 0.4% in afternoon trading, has lost 47% over the past three months, while the S&P 500 SPX, -1.15% has declined 30%.