Ascend sees constrained PA66 availability in short term


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. Read More

Axalta Coating Systems Ltd (AXTA) has appointed Robert Bryant, Axalta’s executive vice president and chief financial officer (CFO), to the additional role of interim chief executive officer (CEO), effective immediately. Bryant succeeds Terrence Hahn, who has resigned by mutual agreement with the board, following an investigation by outside counsel into conduct by Hahn unrelated to financial matters that Axalta believes was inconsistent with company policies. Hahn has also vacated his position on the board. “We are pleased that Robert Bryant has agreed to step into the role of interim CEO. Having worked closely with Robert for over five years, I know he has the leadership skills and financial acumen, as well as the respect of the management team and employees, to be an effective leader for Axalta. Read More

International Flavors & Fragrances Inc (IFF) has opened two new facilities in China. A flavours manufacturing facility in the Zhangjiagang Free Trade Zone and a Natural Product Research lab, located in the Nanjing Life Science Park. The flavours plant is the company’s second in China and is designed to supplement IFF’s existing flavours and manufacturing operations in Guangzhou. The Naturals Lab is the company’s first outside of the US. The Zhangjiagang site spans 66,800 sqm, encompassing the main manufacturing building that is fitted with a strong odour control system, quality control labs and an ambient warehouse for goods. Read More

Covestro has approved an investment of around €1.5 billion to build a new world-scale methylene diphenyl diisocyanate (MDI) plant in Baytown, Texas. This investment at the existing site in Baytown is the largest single investment in the history of the company. Total capacity of the new train will be 500 kilotons MDI per year, start of production is expected in 2024. At the same time an older, less efficient MDI unit of 90 kilotons production capacity will be closed. Thus, total MDI capacities of Covestro in the NAFTA region will reach around 740 kilotons per year making Covestro the industry capacity leader in the region by 2024. Read More

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