Honeywell increases nylon resin capacity by 10 percent through productivity improvement
Honeywell resins & Chemicals announced that is has increased its nylon resin availability by 10 percent through a series of productivity improvements. The company also announced it has also gained capacity to supply higher viscosity resins used for packaging with the end of an existing swap agreement with BASF.
The company realized the increase in resin capacity through a series of productivity improvement efforts at its Chesterfield, Va. facility, which is its main production facility for nylon resin.
The company also said its nylon resin swap agreement with BASF will terminate May 1. As a result of the termination, Honeywell will have a greater supply of high-viscosity resins, which are more suitable for packaging applications. Those resins had previously been subject to the swap.
The agreement had been in effect since May 2003 as a part of the transaction in which Honeywell sold its engineering plastics business to BASF in exchange for BASF's nylon fiber business.
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