NILIT Announces Strategic Expansions, Including a Joint Venture with Shenma in China
April 17 2024 - 10:30PM
Business Wire
NILIT, the global leader in high-performance Nylon 6.6 fibers
for the apparel industry and leader in sustainability, that owns
the broadest line of sustainable Nylon 6.6 products, is announcing
a new joint venture with Shenma Industry Co., Ltd. (hereinafter
referred to as Shenma), a subsidiary of China Pingmei Shenma Group,
a global leader in the industrial Nylon 6.6 market and a leading
supplier to the automotive industry around the world. This new
partnership represents a significant expansion of production
capacity within China, also demonstrating NILIT’s ongoing
commitment to support the growth of global customers and brands.
This expansion is highlighted by multiple investments and
cooperation designed to enhance production capabilities and deliver
more innovative solutions to the textile industry.
“We are pleased to unveil this new greenfield joint venture in
China with Shenma to introduce differentiated state-of-the-art
technologies to support the local market,” says Ilan Melamed, NILIT
Global General Manager. “This collaboration is set to produce
premium specialized products in Fully Drawn Yarns (FDY), known for
their outstanding strength and smoothness, and Air Textured Yarns
(ATY), known for providing unparalleled softness for the textile
market, providing quality and performance, all within a highly
competitive cost structure. This partnership will open new
opportunities in end uses such as home textiles and the automotive
industry where strength, smoothness, and durability are essential.”
The joint venture will include a new production site in
Pingdingshan, the China Nylon City. The facility will be
constructed to meet NILIT’s exacting Total Product Sustainability
(TPS) standards for environmentally responsible production and is
expected to yield a production capacity of 20,000 tons in the next
few years.
This strategic partnership brings together the expertise,
resources, and networks of NILIT and Shenma, both renowned
enterprises in their respective fields. This joint venture combines
NILIT's 50 years of global experience in the production and
marketing of high-quality Nylon 6.6 yarns for apparel, and Shenma’s
leadership excellence in the Chinese market. “With a shared
commitment to excellence and innovation, we are poised to leverage
our collective strengths to penetrate new markets and amplify our
capabilities across China,” continues Ilan Melamed. The joint
venture agreement was signed in a ceremony in Shanghai on April
18th attended by leaders from both parties including Mr. Li Mao,
Chairman of China Pingmei Shenma Group, and Mr. Michael Levi,
Chairman of NILIT Group.
This model of collaboration showcases the mutual benefits of
such alliances, including market access, regulatory navigation, and
competitive advantage, emphasizing the market leadership of the
NILIT team in China led by Shay Kastoriano, NILIT Asia GM, and
Shenma as a strong local partner in China.
Furthermore, in response to the increasing demand for NILIT's
high-end products and the commitment to innovation and
sustainability, NILIT is also accelerating its plans to double the
production capacity at NILIT’s existing production site located in
Suzhou SIP, where Shenma Industrials will be a minority
shareholder. This strategic move is aimed at supporting the growing
global market demand for NILIT's products, ensuring customers’
needs for advanced and innovative and sustainable materials are
met.
About NILIT
Celebrating 50 years of excellence, NILIT offers the broadest
collection of premium sustainable Nylon 6.6 yarns designed to
empower the apparel industry’s shift to a more sustainable
position. With production plants in 4 continents (North America,
South America, EMEA and ASIA), NILIT is dedicated to creating
innovative and sustainable solutions to advance the textile
industry.
NILIT launched industry-first SENSIL® ByNature made using
bio-gas from reclaimed landfill waste. SENSIL® BioCare is enhanced
with a special technology proven to help lessen the persistence of
textile waste in sea water and in landfills. SENSIL® EcoCare,
crafted with recycled Nylon, improves circularity and LCA. SENSIL®
WaterCare with embedded color saves up to 100% of the water used in
the traditional wet dyeing process. Plus, the complete SENSIL®
portfolio of products is manufactured according to NILIT’s Total
Product Sustainability criteria. These responsible yarns give
designers the beautiful, environmentally considerate performance
fabrics they need to create apparel collections that respond to
consumer demands.
About Shenma
As a leading enterprise in the global Nylon 6.6 industrial yarn
industry, Shenma has a strong Nylon 6.6 raw material base,
providing a solid guarantee for its industrial yarn production.
Therefore, its outstanding industrial yarn production capacity is
well-known. It is a leading supplier in the global automotive
industry, winning the trust of many leading automotive brands with
its key components such as airbags and tire cords.
Through deep cooperation with these automotive brands, Shenma's
reputation has been highlighted internationally. These partnerships
demonstrate that Shenma is able to meet the strict quality and
safety standards required by top manufacturers such as General
Motors, Ford, Toyota, and Volkswagen. These partnership
relationships not only highlight Shenma's commitment to the Nylon
6.6 supply chain, but also demonstrate Shenma's deep commitment to
partners and customers.
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Zoya Fux; zoyaf@nilit.com