Honeywell hives off US nylon carpet fibres venture to Shaw Inds
07 Nov '05
1 min read
Honeywell has completed the sale of its US nylon carpet fibres business to Shaw Industries, said official of Honeywell.
The deal comprises fiber-producing factories at Anderson, Clemson, and Columbia, South Carolina, and Honeywell's 50 percent investment in Evergreen Nylon Recycling.
Both companies also entered into a long-term agreement under which Honeywell will provide Shaw with caprolactam and nylon resins.
Honeywell will retain its intermediary businesses, manufacturing caprolactam, nylon resins, ammonium sulfate, and other chemicals.
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