Domo Chemicals has announced a long-term investment plan in China to continue expanding its production capacity of Technyl high-performance polyamides. This plan aims to meet growing demand in the automotive, electrical and electronics, and industrial consumer goods industries, and help build a sustainable future, said the company. Domo Chemicals acquired Solvay's Performance Polyamides business in 2020 and has sold Technyl products globally since Feb. 1, 2022, including in China, one of the company's key strategic markets.
Global demand for polyamide materials is currently increasing at a compound annual growth rate of up to 3%. The adoption of new energy vehicles — including pure electric, hybrid, and fuel cell models — is expected to reach 45% globally by 2030, and automakers are increasingly using sustainable materials to make components, which are key growth drivers of the polyamide market. In addition, demand for miniaturized circuit breakers, contactors, plug switches, and other components in the electrical and electronics and industrial consumer goods industries further opens up the application potential for polyamide materials.
Asia is the fastest growing market for polyamides in the world, with the majority of that growth concentrated in China. As an integrated producer of PA 6/66, Domo Chemicals is committed to improving and expanding its production facilities in China in order to increase capacity and establish a strong presence. This will help local manufacturers keep pace with emerging trends and create innovative, high-performance, and sustainable products and applications.
To this end, Domo Chemicals will continue to expand capacity at its production site in Jiaxing, Zhejiang Province, in three stages.
Since March 2022, an additional 6,000 tonnes/year of capacity has been made available, with the plant achieving total capacity of 14,000 tonnes/year of PA 6 from April onwards.
A new 35,000-tonnes/year plant in Haiyan is slated for completion in the third quarter of 2023, in which Domo Chemicals has invested more than €14 million ($14.8 million).
Going forward, Domo Chemicals will further expand the plant, gradually increasing capacity to 50,000 tonnes/year.
Further, Domamid, Econamid, and Thermec engineered materials are gradually being combined under the Technyl brand to form a new Technyl high-performance polyamide family. Technyl 4 Earth is an environmentally friendly product based on recyclable materials and certified for CO2 reduction. The new plant will be equipped with the capability of offering Technyl 4 Earth to our global and local customers.
In addition, Technyl Pure is an electrically neutral product for highly sensitive, high-purity electronic and fuel cell systems; Technyl Shape is an easy-to-process product specifically designed for extrusion and blow-molding processes.