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On December 29, 2021, INVISTA Textiles (UK) Ltd.
and China Resources Yantai Nylon Co.
, Ltd.
, a subsidiary of China Resources Group, held a ceremony to sign a nylon 6,6 polymerization technology license agreement
.
Leveraging its expertise in nylon 6,6 production technology and processes, the partnership is another step in INVISTA's commitment to promoting the development of China's nylon 6,6 industry and meeting growing local demand through enhanced production capacity and high-quality downstream applications certificate
.
As representatives of both parties, Kyle Redinger, Chairman of INVISTA (China) Investment Co.
, Ltd.
and Vice President of INVISTA Intermediates Asia Pacific, and Zhu Zhenda, Chairman of China Resources Yantai Nylon Co.
, Ltd.
attended the ceremony and had high hopes for the upcoming project
.
Located in the Economic and Technological Development Zone of Yantai City, Shandong Province, China, the new production line is the first production line to be licensed for INVISTA's nylon 6,6 polymerization technology since 2015.
The production line will use INVISTA's patented nylon 6,6 salt process and advanced technology.
The continuous polymerization technology has excellent safety performance and environmental protection performance, and has high reliability and long operating life.
While reducing energy consumption, it can provide the industry with better products at lower operating costs
.
"We are very honored that China Resources Yantai Nylon Co.
, Ltd.
has chosen to use INVISTA's leading nylon 6,6 polymerization technology for this new production line," said Pete Brown, INVISTA's Executive Vice President, Global Intermediate Nylon Polymers
.
Together with other local partners, we will work closely together for the success of this new project and find more opportunities for nylon 6,6 downstream applications, thereby contributing to the strong growth and optimization of China's nylon 6,6 industry
.
"
