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Damaged Resin Plant Won’t Reopen Until Autumn
Germany's Evonik Industries AG says it expects to restore production at a resin plant that was damaged in a March 31 explosion by the fourth quarter of this year.
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Germany's Evonik Industries AG says it expects to restore production at a resin plant that was damaged in a March 31 explosion by the fourth quarter of this year.
The company previously estimated the factory would be idled for at least three months.
The facility makes half the world's supply of a key ingredient in PA-12, a nylon resin used in automotive fuel and brake systems. The plant also produces about 25% of the world's PA-12.
The chemical maker says it is offering substitute resins to its automotive customers. A group of carmakers agreed earlier this week to accelerate the validation process for alternative materials to ease the expected supply crunch.
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