Invista to plough $1 billion into nylon 6.6
27/03/2014
“China is one of the most important regions for our growth strategy,” said Invista chairman Jeff Gentry. “We have seen significant growth in the region in recent years, and we plan to continue to bring our latest innovative technologies here. The theme of our groundbreaking event, Growing Together: a New Era of Nylon 6.6, reflects the fact that we are working closely with our customers to build the local nylon and polyurethane markets.”
The 215,000-ton HMD plant and the 150,000-ton polymer plant are expected to start production in 2015.
In addition to the HMD and polymer plants, Invista has plans for a 300,000-ton adiponitrile facility. The overall investment will exceed US$1 billion, which will be the largest capital investment undertaken by the company to date.
Warren Primeaux, president of Invista Intermediates, said: “We believe China is driving global nylon demand growth, and the use of nylon 6.6 intermediates and polymer in the region will be increasing. The new facilities will enable us to provide customers with better service, shorter lead time and a local resource for production.”
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