Despite the severe shortage of global supply and strong demand, the cost of raw materials continues to decline, and the US nylon 6 and nylon 6,6 (polyamide 66-PA66) market continues to face pressure.
Phil McDivitt, president and CEO of Ascend Performance Materials, said in a statement that in this market situation, the availability of 'PA66 will continue to be limited in the short term.'
He said: 'We are committed to meeting the long-term needs of our customers and maintaining reliable production operations.'
The company said that because the reports on the long-term availability of PA66 are contradictory, the company believes it is necessary to reaffirm its plans to meet growing market demand.
PAC's integrated manufacturer and supplier, Ascend Performance Materials, announced force majeure at its Pensacola, Fla., plant, and said production remains at around 90% of capacity. In addition, McDivitt also said: 'On 2018 The 40,000-ton adiponitrile capacity expansion project announced in the year is about to be completed. By 2022, we will further develop a 180,000-ton adiponitrile capacity expansion plan. Preparations are underway. We plan to continue to increase. Capacity to ease supply constraints in the market'
In addition, Ascend's recently acquired new plant in Tilburg, the Netherlands, is under full load to produce engineering plastics compounds for European customers. He added that the plants in Forli, Alabama and Greenwood, South Carolina, are also at their best. Operating rates to produce compounds and fibers.
High performance polyamide solutions are widely used in automotive, electrical and electronics, cable ties and consumer and industrial markets.