Invista & SCIP to cooperate on China ADN plant

According to the memorandum of cooperation, Invista will advance its internal decision-making process for the project with strong support from the Shanghai government and SCIP, including commitment to intellectual property protections and joint efforts to execute an investment agreement.

“With this memorandum of cooperation and a commitment to work toward an investment agreement, we are pleased to be taking the next step toward finalising the investment and its location,” Invista chairman and CEO Jeff Gentry said in a media statement.

“Shanghai is an attractive location in part due to the benefits of integrating the new facility into our existing HMD and polymer plants at SCIP. Furthermore, the cooperation and support we’ve received from the Shanghai government and SCIP to advance this project give us confidence that we can work together to meet future milestones,” he added.

ADN is the key ingredient in the production of nylon 6,6, a versatile polymer used in many applications that improve people’s quality of life. Applications include engineered plastics, automotive airbag fabric, high-performance coatings and specialty apparel fibres. (RKS)

Fibre2Fashion News Desk – India