China approves Invista plans for feedstock plant in Shanghai

By Frank Esposito
Senior Staff Reporter

Published: February 1, 2013 1:08 pm ET
Updated: February 1, 2013 1:10 pm ET

Related to this story

Topics Materials, Materials Suppliers

WICHITA, KAN. -- Materials maker Invista has won approval from Chinese officials for a massive feedstock plant in Shanghai that could later include nylon 6/6 resin production.

Officials with Wichita-based Invista said in a Jan. 5 news release that the project had won environmental approval from the Shanghai Environmental Protection Bureau. The plant will have annual capacity of almost 475 million pounds of hexamethylene diamine, a nylon precursor, according to the release.

Invista spokeswoman Jodie Stutzman said Feb. 1 that the project eventually could include between 220 million and 330 million pounds of annual capacity for nylon 6/6 resin and 660 million pounds of annual capacity for adiponitrile feedstock.

No final decision has been made on the nylon 6/6 and adiponitrile projects, Stutzman said. If all three materials are brought on, the cost of the project would be $1 billion. Construction on the HMD portion will begin later this year, with production starting in 2015. If adiponitrile is added, it will be available in 2018. No date for a nylon 6/6 start has been determined.

In the Jan. 5 release, Invista Senior Vice President Steve Kromer said the new plant "will give Invista and its customers a significant advantage." The firm spent more than $100 million in Asia during 2012, including investing in an expansion of its nylon air-bag fiber plant in Shanghai.

Invista also invested in its nylon 6/6 business in late 2012 when it bought a compounding plant in Born, Netherlands. Officials said it would be used to make compounds based on Invista's Torzen-brand nylon 6/6 resins. The firm is a global leader in production of nylon resin and feedstock, and produces specialty polyester resins.


Comments

China approves Invista plans for feedstock plant in Shanghai

By Frank Esposito
Senior Staff Reporter

Published: February 1, 2013 1:08 pm ET
Updated: February 1, 2013 1:10 pm ET

Post Your Comments


Back to story


More stories

Image

Akro-Plastic buying German subsidiary from Metabolix

October 24, 2014 3:32 pm ET

Akro-Plastic GmbH, a Niederzissen, Germany-based plastic compounder, has purchased the assets of Metabolix Inc.'s subsidiary in Germany.    More

Image

BASF pre-tax earnings rise, but will miss financial targets for 2015

October 24, 2014 10:16 am ET

BASF SE has raised its expectations for pre-tax earnings in 2014 but warned that it would not hit its financial targets for next year.    More

Image

Sabic, Shell cancel expansion for SADAF joint venture in Saudi Arabia

October 24, 2014 9:19 am ET

Saudi Basic Industries Corp. and Royal Dutch Shell have cancelled plans to expand an existing petrochemical joint venture in Saudi Arabia following...    More

Image

Sadara CEO says Middle East now has 20 percent of global ethylene capacity

October 24, 2014 9:33 am ET

Sadara CEO Ziad Al-Labban claims that the Middle East's ethylene capacity is now 20 percent of global production.    More

Image

PolyOne increases quarterly profits despite falling sales

October 23, 2014 4:55 pm ET

North American compounding leader PolyOne Corp. saw its third-quarter profit increase, even as sales fell vs. the year-ago period.    More

Market Reports

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 million dollar plastics industry in Mexico including sales of machinery & equipment, resins and finished products.

Our analysts provide insight on business trends, foreign investment, top end markets and plastics processing activity. The report also provides important data on exports, production, employment and value of plastics products manufactured.

Learn more

Plastics Caps & Closures Market Report

The annual recap of top trends and future outlook for the plastics caps & closures market features interviews with industry thought leaders and Bill Wood’s economic forecast of trends in growing end markets. You will also gain insight on trends in caps design, materials, machinery, molds & tooling and reviews of mergers & acquisitions.

Learn more

Upcoming Plastics News Events

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

More Events