Invista Inc. celebrated the grand opening of its nylon 6,6 facility on Wednesday in Shanghai, including a new 215,000-ton hexamethylene diamine plant and a 150,000-ton polymer plant, at the Shanghai Chemical Industry Park in China.
Officials from SCIP and the Jinshan government, utility and service providers, materials suppliers and neighbors joined Invista employees for the ceremony.
“As a world leader throughout the nylon 6,6 value chain, Invista is proud to have built this new facility with its most advanced technologies and provide a local supply base to support our customers’ growing demand in China and Asia,” said Kevin Robles, Invista’s senior vice president of global operations. “Our constant commitment to environmental health and safety excellence was underscored by this project’s completion with nearly 10 million safe work hours.”
Bill Greenfield, president of Invista Intermediates, said the company believes that China’s continued gross domestic product growth will drive increasing demand for durable goods, products that can be enhanced by the use of nylon 6,6. We are glad this facility will help advance the development of the nylon 6,6 industry in China, in line with national industry development goals.”
China’s GDP grew 6.7 percent in the third quarter of the year, registering the same growth the economy saw in the first and second quarters of the year. The 6.7 percent growth, released last week by China’s National Bureau of Statistics, came in line with expectations.
“The national economy is generally stable, steadily progress, steadily developing and continuing the trend of upgrading,” the NBS wrote in a statement. “But we should also see China’s economy is still in a crucial stage of transformation and upgrading…the basis for sustained economic development is not solid.”
China’s government is aiming for growth of 6.5 to 7 percent this year. In 2015, the economy expanded 6.9 percent, its slowest rate in 25 years.
Invista’s nylon 6,6 products are used in applications such as apparel and industrial textiles, air bags, carpet and coatings. Known for its strength at high temperature, as well as impact, chemical and abrasion resistance, nylon 6,6 offers significant advantages in many applications over other materials that have traditionally been used in China, the .