Sector News

Celanese completes acquisition of nylon compounding division of Nilit

May 4, 2017
Chemical Value Chain

Celanese Corporation, a global technology and specialty materials company, today announced it has completed the acquisition of the nylon compounding division of Nilit, a major independent producer of high performance nylon polymers and compounds.

Financial details of the transaction are not being disclosed at this time.

This acquisition further extends Celanese’s leadership position in the engineered materials business to a global nylon solutions provider. The acquisition includes Nilit Plastics’ nylon compounding product portfolio, customer agreements and manufacturing, technology and commercial facilities in Germany and China. In addition, the acquisition is complementary to the company’s capabilities and track record of innovation, quality and service.

As previously announced, Nilit will retain ownership of its nylon fibers and nylon polymerization businesses worldwide, including facilities in Israel, the United States, China and Brazil.

Nylon compounds continue to be a material of choice in automotive, E&E, consumer and industrial applications. This acquisition delivers on Celanese’s intention to complement and grow its broad portfolio by becoming a leading, global nylon compound supplier.

“Nylon is increasing in applications and end uses in growth industries where Celanese is already focusing significant product, solution and customer development activities,” said Scott Richardson, senior vice president of the Celanese engineered materials business. “The addition of the Nilit nylon compounding product portfolio will extend Celanese’s engineered materials solutions offering, and when combined with the company’s world-class operating model, we are well positioned to be the first choice materials solutions provider for our customers.”

Celanese will integrate Nilit Plastics’ nylon compounding product portfolio and production capabilities into its engineered materials business to include the following registered brands:

  • FRIANYL® flame retardant grades for electrical and electronics industries, meeting most stringent industry requirements, and in almost all colors.
  • NILAMID® technical grades for industrial and automotive applications.
  • NILAMID® specialty portfolio for extended performance requirements in terms of thermal, electrical, mechanical and tribological properties in particular.
  • ECOMID® grades containing high-quality polyamide fibers and textile recycled for a combination of quality, high lot-to-lot consistency and competitiveness.

The most recent additions to the NILIT Plastics range, developed to cater to new market trends, include “XS” and “XT” types. NILAMID® XS grades are compounds based on semi-aromatic polyamides, and FRIANYL® XT and NILAMID® XT, are compounds based on polyphthalamide (PPA) provide superior performance, particularly in terms of high heat resistance and mechanical strength.

Richardson concluded: “The combined portfolios of Celanese, SO.F.TER. Group, and Nilit Plastics significantly increases the solution options available to our customers across thermoplastics and elastomers. Our combined polyamide portfolio will represent a broad range of PA6- and PA6,6-based solutions delivering a range of functional capabilities and modifications for customer needs globally.”

Source: Celanese

comments closed

Related News

May 21, 2022

Sika opens new manufacturing plant in Bolivia 

Chemical Value Chain

Sika AG (Baar, Switzerland) has opened a new plant in Santa Cruz de la Sierra, thus doubling its production capacity for mortar and concrete admixtures in Bolivia. With this new facility in one of the country’s main industrial agglomerations, Sika is positioning itself for continued growth in the dynamic Bolivian construction market.

May 21, 2022

Chevron increases renewable fuel market share with REG acquisition

Chemical Value Chain

Chevron Corporation (NYSE: CVX) and Renewable Energy Group, Inc. (NASDAQ: REGI) (REG) announced on Monday a definitive agreement under which Chevron will acquire the outstanding shares of REG in an all-cash transaction valued at $3.15 billion, or $61.50 per share.

May 21, 2022

Lotte Chemical to invest $8 bn on hydrogen energy, battery materials by 2030

Chemical Value Chain

Lotte Chemical Corp. will invest 10 trillion won ($8 billion) on hydrogen and battery materials through 2030 to achieve annual revenue of 50 trillion won and carbon neutrality. The Korean chemical producer on Thursday unveiled its new corporate vision outlining key corporate strategies with focus on growth through hydrogen energy and battery materials businesses.