http://www.lydall.com/files/8914/6797/1488/Microsoft_Word_-_Texel_Press_Release_FINAL2_07-07-16.pdf AKC Note: Lydall continues to expand and diversify its activities. A publicly traded company that is best known for its nonwoven insulation and acoustic products used in the automotive and transportation sector. In February 2014 Lydall acquired the Industrial Filtration business of Andrew Industries, and this latest acquisition of the Canadian company Texel brings the [...]
We were anticipating an announcement from Invista re the Chattanooga plant and it was covered in the media the day after I left.
http://www.timesfreepress.com/news/business/aroundregion/story/2016/jul/08/invistslashing-significant-operations-chattan/374934/ AKC Note: Chattanooga is one of Invista's 3 North American plants producing Nylon 66 polymer. The other 2 plants are Camden, SC where there is integrated production through to BCF, and Kingston Canada where there is integrated production through to high tenacity yarns including airbag yarns. From a fiber integration aspect Chattanooga was only directly [...]
Read article here... AKC Note: Hamilton International is well known throughout the high tenacity polyester filament industry as an importer and distributor of high tenacity yarn and also as the j/v partner in Hailide America with Zhejiang Hailide of China. Hailide America has been very successful in growing in the US market particularly through its HMLS [...]
Read article here... AKC Note: Fibrant took ownership of the Augusta plant in 2015 from the Dutch company DSM, when DSM chose to exit the caprolactam business. The global caprolactam and nylon 6 business generally is suffering from a vast oversupply capacity as China is investing massively in new production capacities. The US had significant overcapacity [...]
Custom Synthetic Fibers is a new plant due to start up during this summer in Alabama producing polyester staple fiber from rPET feed.
Read Press Release Here... AKC Note: Custom Synthetic Fibers is related to Custom Polymers based in Charlotte NC who already have a manufacturing affiliate company Custom Polymers PET LLC in Athens AL. Custom Polymers PET LLC is one of the largest bottle to flake and pellet companies in the USA. It is expected that the staple [...]
The attached press release has been issued by Darlington Developments and ARC Enterprises regarding the progress on restarting the ex Wellman Palmetto plant in Darlington SC.
The attached press release has been issued by Darlington Developments and ARC Enterprises regarding the progress on restarting the ex Wellman Palmetto plant in Darlington SC. Read Press Release Here... AKC Note: The Darlington plant closed in late 2008 and at the time of closure the nameplate capacity was 500mm lbs or 225,000 tons of polyester [...]
Honeywell is reporting that they are spinning off their nylon and chemicals business into a separate unit named AdvanSix.
Read Article Here... AKC Note: This sounds like a strategy very similar to that pursued by DuPont when they spun off their fibers and raw materials business into Invista before eventually selling the business to Koch Industries. The Nylon 6 business where Honeywell is involved is going through a rapid change as China installs very large [...]
The Oerlikon Group is purchasing the staple fiber technology of Truetzschler Nonwovens and Man Made Fibers.
It has been announced today that the Oerlikon Group is purchasing the staple fiber technology of Truetzschler Nonwovens and Man Made Fibers. Press releases from both companies are as follows: Oerlikon Press Release Truetzschler Press Release AKC Note: The Oerlikon release states they are purchasing the "entire staple fibers technology portfolio of Tr�tzschler Nonwovens & Man-Made [...]
One of the local media operations is reporting that the Galey and Lord operation in Society Hill SC is closing at the end of May 2016.
Read article here... AKC note: Galey and Lord heritage goes back to the 1880s and their main products are denim and twill apparel applications. The company has been owned by Patriarch Partners which has gone through financial difficulties related to other investments. There does not appear to be any official announcement released from the company, so [...]
As many of you will know the PET resin producers, DAK, Nan Ya and M&G instigated an anti-dumping case against PET resin exporters in China, India, Oman and Canada in 2015. In addition to the anti-dumping claim there was also a claim of illegal government subsidies being provided to support the exporters. The US Department of [...]