Honeywell: Purchase of bi-ax films capacity

Honeywell is expanding its position in speciality films with an agreement to buy Kolon’s biaxally oriented nylon films plant in Dangjin, South Korea. The company is already a leading producer of biaxally oriented nylon film, which can be used to replace more traditional rigid methods of packaging such as jugs, jars, cans, and bottles. Biaxially oriented nylon film is a growth market and the capacity added in this transaction will make Honeywell more able to meet increased customer demand anywhere in the world.

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