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Celanese acquires nylon compounding division of Nilit
07
May '17
Courtesy: Nilit
Courtesy: Nilit
Celanese Corporation, a global technology and specialty materials company, has completed acquisition of the nylon compounding division of Nilit, a major producer of high performance nylon polymers and compounds. The acquisition includes Nilit's nylon compounding product portfolio, customer agreements, and commercial facilities in Germany and China.
 
The acquisition, which extends Celanese's leadership position in the engineered materials business to a global nylon solutions provider, is complementary to the company's capabilities and track record of innovation, quality and service. 
                                                                                        
Nilit will retain ownership of its nylon fibres and nylon polymerisation businesses worldwide, including facilities in Israel, the United States, China and Brazil. 
 
Nylon compounds continue to be a material of choice in automotive, E&E, consumer and industrial applications. This acquisition delivers on Celanese's intention to complement and grow its broad portfolio by becoming a leading, global nylon compound supplier. 
 
"Nylon is increasing in applications and end uses in growth industries where Celanese is already focusing significant product, solution and customer development activities," said Scott Richardson, senior vice president of the Celanese engineered materials business. 
 
"The addition of the Nilit nylon compounding product portfolio will extend Celanese's engineered materials solutions offering, and when combined with the company's world-class operating model, we are well positioned to be the first choice materials solutions provider for our customers," Richardson said.
 
Celanese will integrate Nilit Plastics' nylon compounding product portfolio and production capabilities into its engineered materials business to include the registered brands such as  FRIANYL, flame retardant grades for electrical and electronics industries, NILAMID, technical grades for industrial and automotive applications, NILAMID specialty portfolio for extended performance requirements in terms of thermal, electrical, mechanical and tribological properties in particular, ECOMID grades containing high-quality polyamide fibres and textile recycled for a combination of quality, high lot-to-lot consistency and competitiveness. 
 
Richardson concluded: "The combined portfolios of Celanese, SO.F.TER. Group, and Nilit Plastics significantly increases the solution options available to our customers across thermoplastics and elastomers. Our combined polyamide portfolio will represent a broad range of PA6- and PA6,6-based solutions delivering a range of functional capabilities and modifications for customer needs globally." (SV)

Fibre2Fashion News Desk – India


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