AdvanSix: Difference between revisions
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{{Primary sources|date=January 2020}} |
{{Primary sources|date=January 2020}} |
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{{Infobox company |
{{Infobox company |
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| name = AdvanSix |
| name = AdvanSix Inc. |
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| logo = |
| logo = |
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| type = [[Public company|Public]] |
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| traded_as = {{NYSE|ASIX}}<br>[[S&P 600]] component |
| traded_as = {{NYSE|ASIX}}<br>[[List of S&P 600 companies|S&P 600]] component |
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| industry = Chemical company |
| industry = Chemical company |
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| founded = {{start date and age|2016}} |
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| hq_location_country = |
| hq_location_country = US |
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| num_employees = 1,400<ref>https://investors.advansix.com/company-overview</ref> |
| num_employees = 1,400<ref>{{Cite web|url=https://investors.advansix.com/company-overview|title = Company Overview}}</ref> |
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}} |
}} |
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'''AdvanSix''' is an American chemical company that produces [[nylon 6]] and related chemicals such as caprolactam and ammonium sulfate fertilizers.<ref name="ReutersAdvanSix">"[https://www.reuters.com/companies/ASIX.N AdvanSix Inc]", Reuters.</ref> It operated as [[Honeywell]]'s Resins and Chemicals division until 2016, when it was spun off as a separate company.<ref>{{cite news | url = https://www.reuters.com/article/us-honeywell-intl-divestiture-advansix/honeywell-to-spin-off-its-1-3-billion-resins-and-chemicals-business-idUSKCN0Y31JX | title = Honeywell to spin off its $1.3 billion resins and chemicals business | publisher = Reuters | date = 2016-05-12}}</ref> The unit accounted for 3 percent of Honeywell's sales at the time.<ref>"[https://www.richmond.com/business/honeywell-plans-spin-off-of-resins-business-with-richmond-area/article_02506495-835a-5cb2-a69f-654358c53e4c.html Honeywell plans spin-off of resins business with Richmond-area operations]", ''Richmond Times-Dispatch'', May 12, 2016.</ref> For 2019, revenue is estimated at $1.4 billion.<ref name="ReutersAdvanSix"/> The company traces its lineage to the H. W. Jayne Company, established 1884 in [[Frankford, Pennsylvania]].<ref>{{cite web | title = History | publisher = AdvanSix | url = https://www.advansix.com/history/ | accessdate = 2017-09-23}}</ref> |
'''AdvanSix Inc.''' is an American chemical company that produces [[nylon 6]] and related chemicals such as caprolactam and ammonium sulfate fertilizers.<ref name="ReutersAdvanSix">"[https://www.reuters.com/companies/ASIX.N AdvanSix Inc]", Reuters.</ref> It operated as [[Honeywell]]'s Resins and Chemicals division until 2016, when it was spun off as a separate company.<ref>{{cite news | url = https://www.reuters.com/article/us-honeywell-intl-divestiture-advansix/honeywell-to-spin-off-its-1-3-billion-resins-and-chemicals-business-idUSKCN0Y31JX | title = Honeywell to spin off its $1.3 billion resins and chemicals business | publisher = Reuters | date = 2016-05-12}}</ref> The unit accounted for 3 percent of Honeywell's sales at the time.<ref>"[https://www.richmond.com/business/honeywell-plans-spin-off-of-resins-business-with-richmond-area/article_02506495-835a-5cb2-a69f-654358c53e4c.html Honeywell plans spin-off of resins business with Richmond-area operations]", ''Richmond Times-Dispatch'', May 12, 2016.</ref> For 2019, revenue is estimated at $1.4 billion.<ref name="ReutersAdvanSix"/> The company traces its lineage to the H. W. Jayne Company, established 1884 in [[Frankford, Pennsylvania]].<ref>{{cite web | title = History | publisher = AdvanSix | url = https://www.advansix.com/history/ | accessdate = 2017-09-23}}</ref> |
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AdvanSix has plants in [[Chesterfield, Virginia|Chesterfield]] and [[Hopewell, Virginia]], and [[Frankford, Pennsylvania|Frankford]] and [[Pottsville, Pennsylvania]]. The Hopewell plant is one of the world's largest single-site producers of caprolactam.<ref>{{cite web | title = Hopewell, Virginia | publisher = AdvanSix | url = https://www.advansix.com/hopewell/ | accessdate = 2017-09-23}}</ref> It has an annual production capacity of 600,000 tons of ammonia and 400,000 tons of caprolactam.<ref>{{cite press release | title = AdvanSix Provides Operational Update on Its Fourth Quarter 2016 Plant Turnaround | date = 2016-10-31 | publisher = AdvanSix | url = http://investors.advansix.com/financial-releases/2016/10-31-2016-204116311 }}</ref> For context, global annual demand for caprolactam is estimated at 5 million tons.<ref name=Ullmann>{{Ullmann | author1 = Josef Ritz | author2 = Hugo Fuchs | author3 = Heinz Kieczka | author4 = William C. Moran | title = Caprolactam | doi = 10.1002/14356007.a05_031.pub2}}</ref> |
AdvanSix has plants in [[Chesterfield, Virginia|Chesterfield]] and [[Hopewell, Virginia]], and [[Frankford, Pennsylvania|Frankford]] and [[Pottsville, Pennsylvania]]. The Hopewell plant is one of the world's largest single-site producers of [[caprolactam]].<ref>{{cite web | title = Hopewell, Virginia | publisher = AdvanSix | url = https://www.advansix.com/hopewell/ | accessdate = 2017-09-23}}</ref> It has an annual production capacity of 600,000 tons of ammonia and 400,000 tons of caprolactam.<ref>{{cite press release | title = AdvanSix Provides Operational Update on Its Fourth Quarter 2016 Plant Turnaround | date = 2016-10-31 | publisher = AdvanSix | url = http://investors.advansix.com/financial-releases/2016/10-31-2016-204116311 }}</ref> For context, global annual demand for caprolactam is estimated at 5 million tons.<ref name=Ullmann>{{Ullmann | author1 = Josef Ritz | author2 = Hugo Fuchs | author3 = Heinz Kieczka | author4 = William C. Moran | title = Caprolactam | doi = 10.1002/14356007.a05_031.pub2}}</ref> |
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AdvanSix is an integrated chemical manufacturer. It produces [[phenol]] in Frankford through the [[cumene process]], where it is converted to [[caprolactam]] in Hopewell, polymerized to [[nylon 6]] in Chesterfield and made into film at Pottsville.<ref>{{cite web | title = Integrated Production | publisher = AdvanSix | url = https://www.advansix.com/integrated-production/ | accessdate = 2017-09-23}}</ref> In addition to internal use, AdvanSix sells [[acetone]], [[phenol]], and [[alpha-methylstyrene]] from the cumene process. They sell [[cyclohexanol]] and [[cyclohexanone]] made from phenol, [[caprolactam]], as well as ammonium sulfate generated by the [[Beckmann rearrangement]] of cyclohexanone oxime.<ref>{{cite web | title = Chemical Intermediates: Products | publisher = AdvanSix | url = https://www.advansix.com/chemicalintermediates/products/ | accessdate = 2017-09-23}}</ref> The company's nylon resins are used in food, liquid, and consumer packaging along with mono/multifilament products, carpet fibers, and automotive compounding.<ref name="ReutersAdvanSix" /> |
AdvanSix is an integrated chemical manufacturer. It produces [[phenol]] in Frankford through the [[cumene process]], where it is converted to [[caprolactam]] in Hopewell, polymerized to [[nylon 6]] in Chesterfield and made into film at Pottsville.<ref>{{cite web | title = Integrated Production | publisher = AdvanSix | url = https://www.advansix.com/integrated-production/ | accessdate = 2017-09-23}}</ref> In addition to internal use, AdvanSix sells [[acetone]], [[phenol]], and [[alpha-methylstyrene]] from the cumene process. They sell [[cyclohexanol]] and [[cyclohexanone]] made from phenol, [[caprolactam]], as well as ammonium sulfate generated by the [[Beckmann rearrangement]] of cyclohexanone oxime.<ref>{{cite web | title = Chemical Intermediates: Products | publisher = AdvanSix | url = https://www.advansix.com/chemicalintermediates/products/ | accessdate = 2017-09-23}}</ref> The company's nylon resins are used in food, liquid, and consumer packaging along with mono/multifilament products, carpet fibers, and automotive compounding.<ref name="ReutersAdvanSix" /> |
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In May 2018, federal agents swarmed the company's Hopewell plant in response to a referral from the U.S. Environmental Protection Agency.<ref>Bowes, Mark, Zullo, Robert, "[https://www.richmond.com/news/local/crime/state-and-federal-authorities-converge-on-hopewell-chemical-plant-as/article_377eaba5-df08-5636-8c6e-de6dbf9e5da7.html State and federal authorities converge on Hopewell chemical plant as part of undisclosed investigation]," ''Richmond Times-Dispatch'', Mar 13, 2018.</ref> The investigation related to air emissions and was concluded in May 2019.<ref>"[https://www.businesswire.com/news/home/20190513005803/en/ AdvanSix Announces Conclusion of Hopewell Investigation]", ''Business Wire'', May 14, 2019.</ref> In May 2019, the company announced that it would halt the production of biaxially-oriented nylon film in Pottsville, Pennsylvania, laying off 85 workers. This type of film is used in food packaging. The company now purchases the film from Oben Group in Lurin, Peru.<ref>"[https://www.plasticsnews.com/article/20190515/NEWS/190519970/advansix-halts-nylon-film-making-in-pennsylvania-cutting-85-jobs AdvanSix halts nylon film making in Pennsylvania, cutting 85 jobs]," ''Plastics News'', May 15, 2019.</ref> |
In May 2018, federal agents swarmed the company's Hopewell plant in response to a referral from the U.S. Environmental Protection Agency.<ref>Bowes, Mark, Zullo, Robert, "[https://www.richmond.com/news/local/crime/state-and-federal-authorities-converge-on-hopewell-chemical-plant-as/article_377eaba5-df08-5636-8c6e-de6dbf9e5da7.html State and federal authorities converge on Hopewell chemical plant as part of undisclosed investigation]," ''Richmond Times-Dispatch'', Mar 13, 2018.</ref> The investigation related to air emissions and was concluded in May 2019.<ref>"[https://www.businesswire.com/news/home/20190513005803/en/ AdvanSix Announces Conclusion of Hopewell Investigation]", ''Business Wire'', May 14, 2019.</ref> In May 2019, the company announced that it would halt the production of biaxially-oriented nylon film in Pottsville, Pennsylvania, laying off 85 workers. This type of film is used in [[food packaging]]. The company now purchases the film from Oben Group in Lurin, Peru.<ref>"[https://www.plasticsnews.com/article/20190515/NEWS/190519970/advansix-halts-nylon-film-making-in-pennsylvania-cutting-85-jobs AdvanSix halts nylon film making in Pennsylvania, cutting 85 jobs]," ''Plastics News'', May 15, 2019.</ref> |
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==References== |
==References== |
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Latest revision as of 02:34, 13 March 2024
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| Company type | Public |
|---|---|
| NYSE: ASIX S&P 600 component | |
| Industry | Chemical company |
| Founded | 2016 |
| Headquarters | US |
Number of employees | 1,400[1] |
AdvanSix Inc. is an American chemical company that produces nylon 6 and related chemicals such as caprolactam and ammonium sulfate fertilizers.[2] It operated as Honeywell's Resins and Chemicals division until 2016, when it was spun off as a separate company.[3] The unit accounted for 3 percent of Honeywell's sales at the time.[4] For 2019, revenue is estimated at $1.4 billion.[2] The company traces its lineage to the H. W. Jayne Company, established 1884 in Frankford, Pennsylvania.[5]
AdvanSix has plants in Chesterfield and Hopewell, Virginia, and Frankford and Pottsville, Pennsylvania. The Hopewell plant is one of the world's largest single-site producers of caprolactam.[6] It has an annual production capacity of 600,000 tons of ammonia and 400,000 tons of caprolactam.[7] For context, global annual demand for caprolactam is estimated at 5 million tons.[8]
AdvanSix is an integrated chemical manufacturer. It produces phenol in Frankford through the cumene process, where it is converted to caprolactam in Hopewell, polymerized to nylon 6 in Chesterfield and made into film at Pottsville.[9] In addition to internal use, AdvanSix sells acetone, phenol, and alpha-methylstyrene from the cumene process. They sell cyclohexanol and cyclohexanone made from phenol, caprolactam, as well as ammonium sulfate generated by the Beckmann rearrangement of cyclohexanone oxime.[10] The company's nylon resins are used in food, liquid, and consumer packaging along with mono/multifilament products, carpet fibers, and automotive compounding.[2]
In May 2018, federal agents swarmed the company's Hopewell plant in response to a referral from the U.S. Environmental Protection Agency.[11] The investigation related to air emissions and was concluded in May 2019.[12] In May 2019, the company announced that it would halt the production of biaxially-oriented nylon film in Pottsville, Pennsylvania, laying off 85 workers. This type of film is used in food packaging. The company now purchases the film from Oben Group in Lurin, Peru.[13]
References
[edit]- ^ "Company Overview".
- ^ a b c "AdvanSix Inc", Reuters.
- ^ "Honeywell to spin off its $1.3 billion resins and chemicals business". Reuters. 2016-05-12.
- ^ "Honeywell plans spin-off of resins business with Richmond-area operations", Richmond Times-Dispatch, May 12, 2016.
- ^ "History". AdvanSix. Retrieved 2017-09-23.
- ^ "Hopewell, Virginia". AdvanSix. Retrieved 2017-09-23.
- ^ "AdvanSix Provides Operational Update on Its Fourth Quarter 2016 Plant Turnaround" (Press release). AdvanSix. 2016-10-31.
- ^ Josef Ritz; Hugo Fuchs; Heinz Kieczka; William C. Moran. "Caprolactam". Ullmann's Encyclopedia of Industrial Chemistry. Weinheim: Wiley-VCH. doi:10.1002/14356007.a05_031.pub2. ISBN 978-3527306732.
- ^ "Integrated Production". AdvanSix. Retrieved 2017-09-23.
- ^ "Chemical Intermediates: Products". AdvanSix. Retrieved 2017-09-23.
- ^ Bowes, Mark, Zullo, Robert, "State and federal authorities converge on Hopewell chemical plant as part of undisclosed investigation," Richmond Times-Dispatch, Mar 13, 2018.
- ^ "AdvanSix Announces Conclusion of Hopewell Investigation", Business Wire, May 14, 2019.
- ^ "AdvanSix halts nylon film making in Pennsylvania, cutting 85 jobs," Plastics News, May 15, 2019.