Engineering resins maker Ticona has chosen Nanjing, China, as the location of a new plant to make long-fiber-reinforced thermoplastics.
The site will have annual production and compounding capacity of almost 80 million pounds and is to open in early 2008, officials with Florence-based Ticona said in a news release.
LFRTs are modified grades of polypropylene, nylon and other resins used in high-strength applications in the automotive market and elsewhere.
Ticona's parent - Celanese Corp. of Dallas - operates an integrated chemical complex in Najing. Ticona previously announced plans to build a plant to make ultrahigh-molecular-weight polyethylene at the site. The UHMW PE plant also will open in 2008.
Ticona posted sales of $915 million in 2006, an increase of 3 percent vs. the prior year. That number represented about 14 percent of total sales for Celanese.