Germany-based DOMO Chemicals has announced it will invest 12 million euros ($12.8 million) in a new 11,500-square-meter state-of-the-art nylon plant in China. The first stage of development includes multiple production lines with an estimated capacity of 25,000 tons per year. Final capacity for the facility is 50,000 tons of nylon compounds — including nylon 6, nylon 6,6 and high-temperature nylon — and production is expected to commence during the fourth quarter of 2020.
“DOMO Chemicals has only been operating in China since 2015, but we are growing rapidly,” said Ludovic Tonnerre, vice president, global engineering plastics, Domo. “Despite the current coronavirus challenges, we are confident that China will lead the world in embracing a future generation of sustainability and e-mobility solutions. We are very grateful to the government and relevant departments for their patience and assistance and are confident in our long-term cooperation, relationships and mutual opportunities.”