Nylon prices rise, BASF shifts production to Texas
Canadian PlasticsCanadian Plastics
Two days after announcing a price increase for nylon engineering plastics, BASF has announced it will consolidate i...
Two days after announcing a price increase for nylon engineering plastics, BASF has announced it will consolidate its nylon production capacity at the Freeport, TX, site. BASF will close the facility in Enka, NC, where it produces nylon polymers, and will add a production line in Freeport.
"The synergies gained by consolidating our North American manufacturing for these materials here at Freeport will enable us to achieve competitive advantage," explained Art Colwell, vice-president and general manager of BASF’s Freeport site.
BASF’s price increase announcement of March 21 cites "extraordinary market conditions of unprecedented raw material costs and a tightness of supply for key feedstocks."