20 April 2012 21:59 [Source: ICIS news]
NEW YORK (ICIS)--Invista is running its production of cyclododecatriene (CDT) at capacity to stem a shortage of a specialty resin for the US automotive industry, a company representative confirmed on Friday.
“Invista’s CDT operations are running hard, working to make available as much material as possible and still maintain its commitment to safety and environmental compliance,” Invista communication manager Jodie Stutzman said on Friday.
CDT is a primary predecessor for nylon 12, which is used to make brake and fuel lines in autos.
CDT is in short supply due to a late-March explosion at Evonik Industries’ facility in Marl, Germany.
Evonik is a major supplier to the North American auto industry, producing 25-40% of the global supply of CDT, and expects repairs at Marl to take at least three months.
With Evonik out of the picture, European and Asian automakers are turning to chemical suppliers closer to their factories to make up for the lack of CDT, but Invista is the sole US producer of CDT.
The company produces CDT at its facility in Victoria, Texas. Invista did not say how much CDT capacity it has at the site.
“We will do all that we can to bring any additional product to the market quickly and safely, though we presently have limited excess capacity,” said Stutzman. “We remain committed to our customers, and will honour those supply agreements.”
($1 = €0.76)
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