Focus on the Chinese market to build a nylon 66 industrial chain-A talk by Dou Fangfang, Director of INVISTA Intermediates Asia

Recently, INVISTA invested 1.
5 billion yuan to double the production capacity of its nylon 66 polymer production base in the Shanghai Chemical Industry Zone
.

In view of the huge development space in the Chinese market, INVISTA has increased its investment in nylon 66 polymer, aiming to better adapt to and meet the urgent demand for nylon 66 polymer in the downstream market

Expand investment to meet market demand

Expand investment to meet market demand Expand investment to meet market demand

Before last year, INVISTA’s annual production capacity of nylon 66 in China was only 150,000 tons.
Today, INVISTA’s annual production capacity of nylon 66 will reach 400,000 tons
.

"Invista has increased its investment many times, which shows that INVISTA is committed to building a complete nylon 66 value chain in the Chinese market

She said that through this increase in production, INVISTA hopes to continue to increase its response speed to meet the growing demand for engineering plastics in automotive, electronic and electrical applications
.

The plan to double the production capacity is also INVISTA's compliance with market demand, indicating that the company not only focuses on the present, but also looks forward to the future

According to estimates by Wood Mackenzie, a world-renowned consulting company, the market demand for nylon 66 polymer will continue to grow in the next few years
.

By 2029, the global compound annual growth rate of nylon 66 is about 2%, while the compound annual growth rate of the Chinese market will be 4%

Strategic layout forms the entire industry chain

The strategic layout forms the whole industry chainThe strategic layout forms the whole industry chain

To explore the Chinese market, INVISTA will not only expand the production of nylon 66, but also work hard on the entire nylon 66 industry chain
.

INVISTA is currently building a production line with an annual output of 400,000 tons of adiponitrile in the Shanghai Chemical Industry Park, with a total investment of more than 7 billion yuan

With the development of the industrial chain infrastructure, after the completion of the construction of the adiponitrile production base, the adiponitrile products whose demand growth is restricted will receive a stable supply
.

INVISTA believes that the demand for nylon 66 will grow faster

Based on Shanghai and radiating the Yangtze River Delta

Based on Shanghai, radiating the Yangtze River Delta, based on Shanghai, radiating the Yangtze River Delta

The key node of INVISTA's nylon 66 industry chain planning is Shanghai
.

In addition to production facilities, the company's Asian nylon 66 application research and innovation center is also located in the Shanghai Chemical Industry Zone, with an investment of more than 95 million yuan.
It will be put into operation by the end of this year.

When explaining why such a huge series of investments were placed in Shanghai, Dou Fangfang said that this was a choice made by INVISTA from the perspective of cost and market demand
.

INVISTA needs to focus on establishing an integrated solution to face future industry challenges

She especially emphasized that the business environment in Shanghai gave INVISTA confidence
.
The Shanghai Park has a high starting point and the government's continuous improvement of service levels and service efficiency has created good conditions for INVISTA's development in China
.
She gave an example.
In the case of the impact of the epidemic last year, the chemical industry zone still gave INVISTA strong support, and the entire adiponitrile project was completed in just 10 months
.
"This has strengthened INVISTA's confidence in investing in the Shanghai Chemical Industry Zone, in Shanghai, and in China
.
" Dou Fangfang said
.