Parts of the deal that cover businesses in Asia and South America will not be impacted by the remedy package. The announcement comes amid severe tightness in the market for nylon 6/6, mainly due to insufficient supply of essential precursor adiponitrile.
Invista has invested more than US$ 600 million in China to support the nylon market, including a 215,000-ton hexamethylenediamine (HMD) plant and the plant at the Shanghai Chemical Industry Park (SCIP), over the past five years. The company has also created multiple-generation improvements to the technology over the decades, recently setting production records with the placement of it’s latest technology in the US.
INVISTA has invested more than $600 million in China to support the nylon market, including a 215,000-ton hexamethylenediamine (HMD) plant and a 150,000-ton polymer plant, at the Shanghai Chemical Industry Park (SCIP), over the past five years.
Invista has been meeting with customers and industry participants to grow a combined strategy concentrated on meeting China’s local needs for ADN, which is used to make nylon polymer, fibres and other specialty materials such as hexamethylene diisocyanate (HDI) for coatings.
