20.3.2010 22:04 in Legal issues in Suzhou
Nilit Ltd. is a privately owned company with headquarters in Israel has purchase Nylstar, a nylon manufacturer in the Martinsville Industrial Park in USA.
Nilit just open last year his first state-of-the-art manufacturing facility in China Suzhou SIP equiped with Oerlikon Barmag Texturizing machines which also produced in Oerlikon Textile Plant in Suzhou. Nili have offices in Italy, Germany, France, Latin America, Turkey, the United States and Asia Pacific.
Nylstar announced the purchase Tuesday. The Martinsville plant will be Nilit’s first manufacturing facility in the United States, according to a news release and Basil B. “Sonny” Walker, Nylstar’s president.
The sale will protect the jobs of Nylstar’s 210 employees and generally is “very good for us,” said Walker, who has been named president of Nilit U.S.
“The significance for us is that we’re now owned by a global nylon industry (leader),” he said. “That gives us a more secure, brighter future.”
Nilit makes “branded performance yarns” for intimate apparel, bodywear, legwear and activewear, the release said. The acquisition of Nylstar will “complement and expand” the company’s portfolio, it said, adding that Nylstar makes nylon yarns in a broad range of filament counts, lusters and cross-section type.
“The addition of this U.S. plant will become a part of (Nilit’s) global production facility network, demonstrating its confidence and investment in the nylon apparel industry throughout the world. With the Nylstar acquisition, Nilit becomes one of the world’s largest nylon 6.6 producers for the apparel industry,” the release said.
Nylon 6.6 is one of two types of nylon. It is used in the apparel garment industry, Walker said.
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