Which group of Pingmei in China has joined hands with Yili Group to enter the high-end market of nylon 66 civilian filament
On April 18th, China Pingmei Group and Yili Group held a signing ceremony for a joint venture agreement in Shanghai. The two sides will jointly establish a new company in Pingdingshan Nylon New Materials Development Zone to build a nylon 66 civilian filament project. This marks that China Pingmei Group will enter the high-end market of nylon 66 civilian filament It lays a solid foundation for further extending the nylon industrial chain and building a world-class enterprise, and is of great significance for promoting the development of the domestic high-end civil filament industry of nylon 66.
Nylon 66 is one of the main categories of nylon materials. In industry, it is mainly used in two major fields: engineering plastics and industrial filaments. It is widely applied in industries such as tires, automobiles, aerospace, high-speed rail, and electronic appliances. Nylon 66 civil fiber is mostly used as high-end fabric and functional fabric, suitable for making yoga wear, sportswear, swimsuits, underwear and other close-fitting fabrics. At present, the technology of medium and high-end civilian nylon 66 filaments is mostly in the hands of multinational companies, and the domestic market is in urgent need of development.
As a pioneer and leader in China's nylon industry, What Industrial Co., LTD. (hereinafter referred to as "What Co., LTD."), a subsidiary of China Pingmei What Group, has been deeply engaged in the field of nylon new materials for over 40 years, creating the world's most complete, technologically advanced and circular economy-characterized nylon chemical industrial chain. It has blazed a trail of equal emphasis on the development and complementary advantages of nylon 66 and nylon 6, known as the "big nylon".
What company has a powerful raw material base for nylon 66, which provides a solid guarantee for its industrial yarn production. Its production capacity of nylon 66 industrial filament and cord fabric is world-leading, and its production capacity of nylon 66 salt, nylon 66 chips and engineering plastics ranks among the top in Asia. Its domestic market share of adipic acid is also among the top. Moreover, key components such as airbags and tire frame materials like cord fabric have won the trust of many leading automotive brands, making it a leading supplier in the global automotive industry.
Yili Group was founded in 1969, with its headquarters in Israel. It is a global leader in high-performance nylon 66 fibers for the clothing industry and has production plants on four continents. In 2024, Yili Group launched the most extensive series of high-quality sustainable nylon 66 yarns, aiming to drive the clothing industry towards a more sustainable direction.
This cooperation can combine the years of industrial development accumulation, abundant raw materials, human resources and other advantages of What shares with the advanced production technology and marketing experience of nylon 66 civil filament of Yili Group, gather industrial advantages to achieve a strong alliance, and help the group rapidly develop into the leading enterprise in the domestic nylon 66 civil filament production industry. Relying on the internal resource advantages of the group, Further extend and consolidate the "coal - coke - nylon - civil silk - garment industry" chain to promote the high-quality transformation and development of the group's industries. Li MAO, the Party Secretary and Chairman of the group, said.
It is understood that the production facilities of this joint venture have strict environmental requirements and will adopt the total Product Sustainability (TPS) standards of Yili Group.
Ilan Melamed, the global general manager of Yili Group, said: This collaboration will introduce the most advanced technologies to produce professional products such as fully stretched yarn (FDY), renowned for its outstanding strength and smoothness, and air-textured yarn (ATY), known for its first-class quality, softness and other properties, within a highly competitive cost structure. Open up new opportunities in the final application fields where strength, smoothness and durability are crucial, such as home textiles and the automotive industry.
In addition, in response to the growing domestic demand for high-end civilian nylon 66 products, Yili Group will accelerate the capacity doubling plan of its production base in Suzhou. Meanwhile, What Shares will invest and become a minority shareholder of this production base, jointly promoting the development of the domestic high-end civilian nylon 66 filament industry.