Shaw buys out nylon carpet fibers unit from Honeywell
02 Sep '05
3 min read
These four operations represent approximately 90 percent of Honeywell's nylon fiber capacity. Honeywell's nylon fiber operations in Shanghai, China, and Arnprior, Canada, and its textile operations in Anderson, SC, are not part of the transaction.
Honeywell's Nylon business was expected to post revenues of approximately $1.2 billion in 2005. After the divestiture and with the supply agreement, the remaining business is expected to have annual revenues of approximately $900 million.
Dalton based carpet seller Shaw Industries is also producing rugs, ceramic, hardwood, and laminate flooring for residential and commercial applications throughout the world. Earlier this year, Honeywell sold its US industrial wax operations to IGI International Inc and its Asian and European industrial wax operations to Paramelt BV.
Last year, Honeywell divested its Performance Fibers business. The divestitures are part of Honeywell Specialty Materials' plan to focus investment on select core businesses built on growth platform technologies including fluorines, advanced fibers and composites, and electronic materials.
New Jersey based high-performance specialty materials provider Honeywell International is a $26 billion diversified technology and manufacturing leader, serving customers worldwide with aerospace products and services; control technologies for buildings, homes and industry; automotive products; turbochargers; and specialty materials. Company is also providing fluorocarbons, specialty films and additives, advanced fibers and composites, customized research chemicals, and electronic materials and chemicals.
marketing@alchempro.com
