American materials supplier Invista announced in May 15th that it has already signed an agreement with Shanghai Chemical Industry Zone to plan to reserve land to construct Nylon 6/6 (PA66) factory.
Invista, with the headquarters located in Wichita, Kansas, announced in January that it would found a material factory of HMD, the precursor of Nylon, in Shanghai, which may include the production of Nylon 6/6.
“We hope to found a world-class polymeric production facility and the schedule needs to coordinate with the HMD program,” said Warren Primeaux, the intermediate product president of Invista in news release in May 15th. “We believe the continuous increase of Chinese GDP will increase the demand of durable goods and Nylon 6/6 can make these products better”.
The agreement keeps some space around HMD factory and the planned Nitrile factory, which is the symbol of another progress in the program of integrated Nylon 6/6 polymer factory, announced by Invista.
Invista announced the production of HMD factory will begin in the middle of 2015.
This news release didn’t provide the schedule or any capacity.
It said that the investment on the whole facility would be more than one billion dollars, which was the biggest capital investment of Invista ever.