Honeywell Inc. plans to establish a biaxially oriented nylon film production base in Asia by purchasing a facility in Dangjin, South Korea, from Kolon Inc.
Honeywell spokesman Reid Walker said the deal will double his firm's capacity for nylon film, but officials would not reveal precise figures. Honeywell's existing nylon film plant is in Pottsville, Pa. Walker said Honeywell has not been active in the Korean nylon film market.
Terms of the agreement were not disclosed. Honeywell said it expects to finalize the deal by midyear.
Nylon film demand is growing in packaging and other markets. Its toughness, strength and barrier properties are fueling growth, said Michael Lawrence, general manager for specialty films. Nylon film is strong enough to replace jugs, cans, bottles and other rigid containers in some applications, the Morristown-based firm claimed.