NILIT
Nylon Products for Engineering and Apparel Applications
Company Overview
Snapshot
Founded in January 1969, NILIT operates with 201–500 employees. A significant corporate milestone occurred in February 2017 when Celanese Corporation acquired NILIT Plastics, the company's nylon compounding business.
Business overview
NILIT specializes in developing and manufacturing customized nylon (polyamide) 6.6 solutions. The company leverages its expertise in polymerization, compounding, spinning, and texturing to offer a diverse range of products and services. These offerings cater to both apparel and engineering thermoplastics applications, serving industries that require high-performance polymers and resins for injection-molding.
Strategic signal
In February 2020, NILIT transitioned its largest nylon manufacturing facility to a cogeneration power plant utilizing natural gas. This strategic shift signals a commitment to optimizing energy sources and potentially reducing environmental impact, which is increasingly relevant for investors focused on sustainable industrial practices and operational efficiency in manufacturing.
Company Intelligence Q&A
- What is NILIT's core business?
- NILIT specializes in creating customized nylon (polyamide) 6.6 solutions, encompassing polymerization, compounding, spinning, and texturing for apparel and engineering thermoplastics applications.
- When was NILIT founded?
- NILIT was founded in January 1969.
- What was a significant corporate development for NILIT in 2017?
- In February 2017, Celanese Corporation acquired NILIT Plastics, the division responsible for nylon compounding, which develops and manufactures custom-made, high-performance polymers.
- What was NILIT's response to the COVID-19 pandemic in March 2020?
- In March 2020, NILIT announced that it was operating globally under a normal schedule despite the COVID-19 pandemic.
- What change did NILIT make to its energy source in February 2020?
- In February 2020, NILIT changed the energy source for its largest nylon manufacturing facility to a cogeneration power plant that uses natural gas.