Invista adding 40,000 tons of nylon 6/6 capacity in Shanghai
Construction of the new project is targeted for mid-2019 and production is scheduled to begin in 2020.
Chemical maker Invista has announced plans to add 40,000 tons of nylon 6/6 polymer capacity to its current 150,000-ton polymer plant at its plant in Shanghai.
Construction of the new project – which will be located in Shanghai Chemical Industry Park (SCIP) – is targeted for mid-2019 and production is scheduled to begin in 2020.
“In looking at our forecast for the future growth of the nylon 6/6 polymer market, we see increased demand in Asia and are expanding our capacity to meet that demand,” Pete Brown, Invista’s vice president of nylon polymer, said in a statement.
The addition is forecast to cost US$1 billion.
“We’ve invested more than $1 billion in the nylon 6/6 value chain in the past five years, have recently committed to investing $1 billion more and are continuing to evaluate the market for additional opportunities in the future.” Brown said.
At present, Invista also has a 215,000-ton hexamethylenediamine (HMD) plant at SCIP.