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Invista planning investments for increased demand

02
Oct '18
Courtesy: Invista
Courtesy: Invista
Invista has been monitoring and forecasting increased demand for the nylon 6,6 value chain and has been planning its capacity investments accordingly. The company is investing hundreds of millions of dollars to bring new, highly advanced capacity online. It is deploying new ADN technology in its existing facilities and setting up an ADN plant in China.

“But in my opinion, the current tightness in the nylon 6,6 value chain isn’t one dimensional. This dynamic is resulting from the combination of increased demand and a few unforeseeable disruptions, such as Hurricane Harvey’s impact on the Gulf Coast of the United States,” Bill Greenfield, president, Invista Intermediates, said.

“Our recent announcements regarding deployment of our new ADN technology in our existing facilities and the recent China ADN plant announcement are part of our plan to meet both short- and long-term needs of our customers and the value chains we support,” Greenfield said. .

To continue optimisation of plant operations in 2019, the company is deploying the latest ADN technology in existing facilities and working to optimise production to increase yield even further.

Butachimie, Invista’s joint venture with Solvay in France, had announced deployment of latest technology in 2017, and it would be coming online in 2019. In May, Invista had announced a $250 million project at its Victoria site to upgrade its manufacturing technology and increase production of ADN. That is targeted to come online in 2020.

“I’m pleased to share that once the investments at Butachimie and Victoria are completed, the production capacity of our three existing assets will be expanded by more than 200,000 metric tons per year…that’s enough ADN to satisfy an additional 400,000 metric tons of nylon 6,6 demand,” Greenfield said.

“We recently announced a new world-scale ADN plant that will be located in China. Engineering is underway for a minimum 300,000-ton plant at an estimated investment in excess of $1 billion. Construction is targeted for 2020 and production would begin in 2023,” Greenfield added. “When our investment in China is completed, we will provide reliable supply for an additional 600,000 metric tons of nylon 6,6 demand.” (SV)

Fibre2Fashion News Desk – India


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