Invista, the fibers unit of Koch Industries, has announced plans to add capacity at its Kingston, Canada, nylon yarn facility. Start-up of the expanded facility is expected in the second quarter of 2012.
The company said it expects to invest in multiple projects around the world within the next five to seven years to meet growth in demand for automobile airbags. It recently announced expansions at its plants in Qingpu, China, and Gloucester, United Kingdom.
"Our customers have sent us a very clear message that their demand is increasing across the world, which creates a need for us to invest in capital equipment — potentially in the hundreds of millions of dollars," said John Barnes, Invista global business director for industrial nylon products.