Invista to Acquire Nylon 6 Business in Asia Paci - sportstextiles: Lea SportsTextiles

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Invista to Acquire Nylon 6 Business in Asia Pacific

01/12/2006

Integrated fibres and polymers company Invista recently completed a definitive agreement to acquire the assets of US-based technology company Honeywell International’s nylon 6 bulked continuous filament (BCF) business in the Asia Pacific, including its plant in Shanghai. The acquisition will be made via a wholly foreign-owned enterprise in China and is expected to be completed in early 2007, subject to regulatory approvals and customary closing conditions.

The purchase will include a plant in Shanghai, which produces white dyeable and solution dyed nylon 6 BCF. It also has processing equipment to make heathered, twisted and heat-set yarns.


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