Home / Knowledge / News / Textiles / BASF & Nexam commercialize new crosslinkable Nylon 66
BASF & Nexam commercialize new crosslinkable Nylon 66
10
Feb '14
Nexam and BASF have successfully developed a new crosslinkable Nylon 66 and have now agreed to initiate the commercialization phase for this compound.
 
As a consequence of this, Nexam has awarded BASF temporally limited market exclusivity for approximately two years for a compound consisting of Nylon 66 and Nexam’s crosslinker. The exclusivity is conditioned upon certain annual minimum purchases of Nexam’s crosslinker by BASF.  
BASF is the largest chemical company in the world and is one of the market leaders in Nylon 66.
 
As previously announced, the initial targeted application areas are within the Automotive and Electrical & Electronics (E&E) sectors.
 
The global engineering plastics usage of Nylon 66 is estimated to be approximately 1.5 million tons (equal to a turnover of more than USD 6 billion), and growing. The Automotive and E&E sectors are estimated to account for approximately 60-70% of the total market.
 
“We are delighted to announce that BASF now intends to start commercialization of a compound containing Nexam’s crosslinker. As a sign of the close cooperation between our companies and our joint intention to commercialize the product developed, BASF has been given a market exclusivity conditioned upon that they purchase a set minimum amount of the required crosslinker from Nexam. 
 
The volumes agreed in order for BASF to retain its market exclusivity equates to sales for Nexam of approximately SEK 10 million for the first 15 month period and SEK 50 million for the next coming 12 month period, based on today’s prices. 
 
This agreement is an important stepping stone for Nexam. It clearly indicates that we now start to move from a development company into a commercial operation. We are satisfied to see that our cooperation with BASF now starts to bear fruit.”, says Per Palmqvist Morin, CEO.
 
Nexam works with crosslinkers for Nylons, such as Nylon 6, Nylon 66 and specialty Nylons. Nexam is currently cooperating with more than ten Nylon producers and users world-wide. The crosslinkers used have all been or are being patented by Nexam Chemical.
 
Nexam is a Swedish company with a world-leading technology within its area for heat-activated crosslinking of plastics and polymers. The company develops, manufactures and markets unique heat-activated crosslinkers to the plastics ­market. 
 

Nexam Chemicals

Must ReadView All

Apparel/Garments | On 28th May 2017

Over 45% US retailers to use AI in next 3 years: Report

Over 45 per cent retailers in the US plan to utilise artificial...

Neelesh Hundekari speaking at the event. Courtesy: Subir Ghosh

Textiles | On 27th May 2017

Fabric of Change initiative announces €250000 scaling fund

The Fabric of Change initiative of Ashoka and the C&A Foundation is...

Apparel/Garments | On 28th May 2017

Naked Brand, Bendon sign agreement to reorganise

Naked Brand Group, a fashion and lifestyle brand, and Bendon Limited, ...

Interviews View All

Varinder Singh Jawanda
Trendy Bharat

Sizing and fitting issues are inherent problems for companies expanding...

Smith Vaghasia
Sanado India

Online remains the best destination for shopping

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
May 2017

May 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search