Shaw Sells Interest in Georgia Polymer Venture

Dalton, GA, Jan. 7, 2010--Shaw Industries has sold its interest in the Nylon Polymer Company LLC in Augusta, Ga. to its joint venture partner Royal DSM N.V., the global Life Sciences and Materials Sciences company headquartered in the Netherlands.

NPC is fully integrated into DSM Engineering Plastics. Shaw and DSM Chemicals North America were joint venture partners.

DSM said full ownership of the PA6 polymerization facility is an important step in its strategy to increase its geographical footprint, including expansion into South America.

It also allows the company full integration in the PA6 chain, including caprolactam, polymer and compounded products, in North America, supporting its customers in the Americas.

Last year, DSM opened its first PA6 polymerization plant in China, making it the only company to produce the entire PA6 chain in China.

Koen Devits, President of DSM Engineering Plastics Americas, said: "This acquisition represents a major expansion of our polymerization capabilities in the Americas."

Related Topics:Shaw Industries Group, Inc.