Page 152 - CW E-Magazine (27-8-2024)

News from Abroad

EXPANSION
Invista doubles nylon 6,6 polymer capacity at

Shanghai site

US-based chemicals firm, Invista,
has announced that its Chinese arm,
Invista Nylon Chemicals (China) Co.,
has completed the expansion of its
nylon 6,6 polymer site at the Shanghai
Chemical Industry Park (SCIP).

The site expansion, at a total invest-
ment of RMB 1.75-bn ($240-mn), has
doubled the annual capacity of nylon
6,6 polymer to 400-ktpa.

“Invista sees the great potential
for China to become the centre for
the world’s nylon 6,6 demand,” said The expanded polymer site is fully logy simplifies the production process,
Ms. Nancy Kowalski, Executive Vice integrated with existing Invista facili- enhances safety and environmental per-
President, Upstream Nylon Global, ties, connecting upstream adiponitrile formance, and is more energy efficient
Invista. “The expansion will support (ADN) and hexamethylene diamine than alternative technologies.
Invista co-developing cutting-edge (HMD) facilities and empowering R&D
solutions in engineering plastics, textile through Invista’s Asia Innovation Cen- The project’s construction phase
and industrial fibres with our partners, tre. The site deploys Invista’s nylon 6,6 used a modular construction approach
and also support industry advance- polymerisation technology, which uses to reduce the impact on ongoing pro-
ments on a global scale in automotive, an aqueous solution method to prepare duction and enable smooth business
electrical and electronics, as well as nylon 6,6 salts without using chemical operations while accelerating the
consumer products,” she added. solvents. This polymerisation techno- expansion project process.

SPECIALITY CHEMICALS
Saint-Gobain to buy Mexican construction chemicals

firm for $815-mn

France-based Saint-Gobain has the acquisition (pro forma). Ovniver
agreed to acquire Ovniver Group, a Group is expected to generate reve-
privately-owned construction chemi- nues of $285-mn, with a growth rate of
cals player in Mexico and Central around 20% per year on average in the
America, for $815-mn in cash. last 5 years, and achieve an EBITDA
margin of 21.7% in 2024. With 16 manu-
Following the acquisitions of Chryso, facturing plants and around 1,000 em-
GCP and Fosroc (underway), this ployees, Ovniver Group offers a wide
move represents another strategic step range of innovative solutions for resi-
in establishing Saint-Gobain’s world- dential and non-residential construction
wide presence in construction chemi- markets, including façade coatings, tile
cals, which will have combined sales of adhesives, waterproofing and surface
€6.5-bn across 76 countries following preparation mortars.

152 Chemical Weekly August 27, 2024

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