Ascend sees constrained PA66 availability in short term
X
Waste Management Expo 2020 MAR 12&13 BIEC, Bengaluru, India

Ascend sees constrained PA66 availability in short term

5:37 AM, 10th October 2018
Ascend logo
High-performance polyamide solutions are used in the automotive, electrical & electronic, cable tie and consumer & industrial markets.

HOUSTON, US: The US nylon 6 and nylon 6,6 (Polyamide 66-PA66) markets continue to face pressure despite decreasing feedstock costs amid severely constrained global supplies and strong demand.

In this market scenario, “PA66 availability will continue to be constrained for the short term,” said Phil McDivitt, President and CEO of Ascend Performance Materials, in a statement. “We are committed to meeting the long-term needs of our customers and maintaining reliable operations,” he added.

Due to conflicting reports on long-term PA66 availability, the company believed it necessary to restate its plans to meet the increased market demand, it stated.

A fully integrated producer and supplier of PA66, Ascend, declared force majeure on Pensacola, Florida site, mentioning that production continued to be around 90 percent of capacity. Further, “the announced 2018, 40kt adiponitrile expansion is nearly complete and work is underway to begin our further 180kt adiponitrile expansion by 2022. We plan to continue adding capacity to relieve the bulk of constraints felt in the market,” said McDivitt.

Moreover, the recent acquisition in Tilburg, Netherlands, is running at full capacity producing engineered plastic compounds for the European customers. Also facilities in Foley, Alabama, and Greenwood, South Carolina, are producing compounds and fiber at optimal levels, he added.

High-performance polyamide solutions are used in the automotive, electrical & electronic, cable tie and consumer & industrial markets.

© Worldofchemicals News

0 Comments

Login

Your Comments (Up to 2000 characters)
Please respect our community and the integrity of its participants. WOC reserves the right to moderate and approve your comment.

Related News


AkzoNobel Specialty Chemicals relaunched as Nouryon

AMSTERDAM, NETHERLANDS: The former AkzoNobel Specialty Chemicals is being relaunched as Nouryon. The move follows the recent acquisition of the busine ...

Read more
Israel Chemicals in talks to buy Haifa Chemicals for more than $1 bn

TEL AVIV, ISRAEL: Israel Chemicals Ltd (ICL), a developer of fertilizers and other chemical products, is in talks to buy Haifa Chemicals Ltd, a suppli ...

Read more
BP, National Oil Corp and Eni to resume exploration work in Libya

LONDON, UK: BP Plc, National Oil Corporation (NOC) and Eni have signed an agreement expected to lead to Eni and BP working together to resume explorat ...

Read more
Aramco, Total launch engineering studies for giant petrochemical complex

DHAHRAN, SAUDI ARABIA/PARIS, FRANCE: Total SA and Saudi Aramco have signed a joint development agreement for the front-end engineering and design (FEE ...

Read more
Wood bags multi-million-dollar contract in Oman

ABERDEEN, UK: Wood Group has secured a new multi-million-dollar contract with Duqm Refinery and Petrochemicals Industries to provide two Terrace Wall ...

Read more
Total, Sonatrach to develop natural gas, petrochemicals in Algeria

PARIS, FRANCE: Sonatrach and Total SA have signed two agreements as part of the comprehensive partnership announced in 2017: A new concession contrac ...

Read more
www.worldofchemicals.com uses cookies to ensure that we give you the best experience on our website. By using this site, you agree to our Privacy Policy and our Terms of Use. X