MOSCOW (MRC) -- Solvay Performance Polyamides, a world leader in polyamide-based performance materials, has announced the start of production of engineering plastics in San Luis Potosi, Mexico, said the producer on its site.
This new facility is dedicated to the production of the Technyl range and was built within a few months in partnership with Chunil Engineering, a global automotive Tier 1 and long-standing customer.
"This 10KT unit is fully operational and already serving our regional customers in the automotive and consumer goods markets," said Marcos Curti, Director of Americas for Solvay’s Performance Polyamides Global Business Unit. "Mexico attracts a growing number of global players, particularly from Europe and Asia. Many of them are Solvay’s longstanding customers who need a trustworthy local manufacture of products they can fully trust."
Solvay Performance Polyamides supports customers worldwide with a complete array of advanced services designed to reduceproduct-to-market lead timesof their innovations. This offering extends from material characterization to application validation and includes 3D printing of functional prototypes in Sinterline powders, predictive simulation with MMI Technyl® Design2 as well as the testing of applications at fully equipped APT validation centers.
Technyl, Sinterline, APT are registered trademarks of Solvay.
As MRC informed before, in early July 2016, Solvay completed the divestment of its shareholding in Inovyn (London), bringing to an end Solvay's chlorvinyls joint venture with Ineos. Solvay received exit cash proceeds amounting to EUR335 million (USD370.7 million). The dissolution of the jv follows regulatory clearances from the relevant authorities.
Inovyn was formed on 1 July 2015 as a jv between Ineos and SolVin, a subsidiary of Solvay. Solvay and Ineos signaled their decision to end their chlorvinyls jv in March this year.
Solvay, with a market share 27%, is the second largest PVC manufacturer in Europe, after Kerling with 29% of the market. Solvay is headquartered in Brussels with about 30,900 employees spread across 53 countries. It generated pro forma net sales of EUR12.4 bn in 2015, with 90% made from activities where it ranks among the world’s top 3 players.