NILIT, a global frontrunner in high-performance Nylon 6.6 fibers for the apparel industry and a leader in sustainable solutions, is forging ahead with a groundbreaking joint venture alongside Shenma Industry Co., Ltd. (referred to as Shenma), a subsidiary of China Pingmei Shenma Group. This strategic alliance marks a significant leap in production capacity within China, underscoring NILIT’s steadfast dedication to bolstering the growth of its global clientele and partner brands.
The partnership entails substantial investments and collaborative efforts aimed at augmenting production capabilities and introducing cutting-edge solutions to the textile sector. Ilan Melamed, NILIT Global General Manager, expresses enthusiasm about the venture: “We are delighted to introduce this greenfield joint venture in China with Shenma, aimed at bringing state-of-the-art technologies to support the local market.”
This collaboration will specialize in producing premium-grade products such as Fully Drawn Yarns (FDY) and Air Textured Yarns (ATY), renowned for their exceptional strength, smoothness, and softness, respectively. These offerings are poised to cater to diverse applications in home textiles and automotive industries, where quality, performance, and cost-efficiency are paramount.
The joint venture will establish a new production facility in Pingdingshan, also known as China Nylon City, constructed to meet NILIT’s stringent Total Product Sustainability (TPS) standards for eco-friendly manufacturing. Anticipated to reach a production capacity of 20,000 tons in the coming years, this initiative signifies a monumental stride towards sustainable production practices.
This strategic partnership capitalizes on the expertise and networks of both NILIT and Shenma, leveraging NILIT’s five-decade legacy in global Nylon 6.6 yarn production and Shenma’s dominance in the Chinese market. Ilan Melamed emphasizes, “With a shared commitment to excellence and innovation, we are primed to capitalize on our collective strengths to explore new markets and elevate our presence across China.”
The joint venture agreement was formalized in a ceremony in Shanghai on April 18th, attended by key leaders from both entities, including Mr. Li Mao, Chairman of China Pingmei Shenma Group, and Mr. Michael Levi, Chairman of NILIT Group.
This collaborative model underscores the mutual advantages of such partnerships, including expanded market access, streamlined regulatory compliance, and heightened competitive edge. It underscores the market leadership of NILIT in China, led by Shay Kastoriano, NILIT Asia GM, alongside Shenma’s robust local presence.
Furthermore, in response to the escalating demand for NILIT’s premium products and the company’s unwavering commitment to innovation and sustainability, plans are underway to double production capacity at NILIT’s existing site in Suzhou SIP. Shenma Industrials will also become a minority shareholder in this endeavor, aimed at meeting the burgeoning global demand for advanced, sustainable materials.
