Caprolactam supplier Fibrant is winding down its US operations. The company, which was sold off by Netherlands firm DSM, will close its production site in Augusta, Georgia, with the loss of several hundred jobs.
The company said the closure was the ‘only viable course of action’ in the face of extended unfavourable market conditions caused by poor commodity chemical prices, as well as ‘global supply and demand dynamics’.
Fibrant will continue to produce caprolactam for nylon manufacture in the Netherlands and China. The company employs around 1200 staff across the three continents.
By Phillip Broadwith
Source: Chemistry World
The deal includes the 600kt Acetic Acid plant and all associated third party activities on the site. Eastman and INEOS have also entered into a Memorandum of Understanding to explore options for a long-term supply agreement for vinyl acetate monomer.
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Sidel has launched a new 100% rPET bottle base, StarLiteR, aiming to help carbonated soft drink (CSD) packaging producers embrace material circularity. StarLiteR allows CDS producers to switch to rPET bottle production easily and efficiently, while significantly reducing the impact on product quality or packaging integrity.
