Invista to add 40,000 tons polymer capacity by 2020

Invista is planning to increase the capacity of nylon 6,6 polymer by 40,000 tones to its current 150,000 ton polymer plant at the Shanghai Chemical Industry Park (SCIP). The construction is targeted for the mid of 2019 and production would begin in 2020. The producer of resin and intermediates also has a 215,000 ton hexamethylenediamine (HMD) plant at SCIP. 

"We are continuing to make strategic investments to best meet our customers’ needs," said Pete Brown, Invista vice president of nylon polymer. "In looking at our forecast for the future growth of the nylon 6,6 polymer market, we see increased demand in Asia and are expanding our capacity to meet that demand." 

This project aligns with Invista’s other recent announcements regarding additional capacity in the nylon 6,6 value chain including new adiponitrile (ADN) plant announced for China by 2023, additional ADN capacity resulting from retrofits of Invista’s latest ADN technology at Butachimie, Invista’s joint venture with Solvay in France in 2019 and at Invista’s Victoria, Texas, site, targeted for 2020. 

"We’ve invested more than $1 billion in the nylon 6,6 value chain in the past five years,  have recently committed to investing $1 billion more and are continuing to evaluate the market for additional opportunities in the future," Brown added. (RR)

Fibre2Fashion News Desk – India