Honeywell increases nylon resin capacity by 10 percent through productivity improvement
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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