The plant, with more than 7 billion yuan (about 1 billion U.S. dollars) of investment, aims to meet the growing demand for nylon 6,6 chemical intermediates in China and the Asia Pacific region, according to sources with the company.
The plant is planned to come into use in 2022.
"The growing demand for high-quality nylon products in China and the Asia-Pacific region, and the continued optimization of the business environment in Shanghai have given us the confidence to continue investment here," said Jeff Gentry, INVISTA Chairman and CEO, in his speech delivered via video. Enditem
