AdvanSix Launches as Independent Company, Begins Trading on New York Stock Exchange
Leading, vertically-integrated manufacturer of Nylon 6 resin,
caprolactam, ammonium sulfate and other chemical intermediates
Begins regular-way trading on the New York Stock Exchange under ASIX
ticker symbol
MORRIS PLAINS, N.J.--(BUSINESS WIRE)--
AdvanSix (NYSE:ASIX), a leading producer and global supplier of
Nylon 6 materials, today marks its first day as an independent company
following its successful tax-free spin-off from Honeywell.
Shares in the company begin regular-way trading today on the New York
Stock Exchange under the ticker symbol ASIX.
“Today marks a new chapter for a business with a rich 60-plus-year
history, over which we have grown to enjoy a leading position in the
broad range of markets we serve today,” said Erin Kane, president and
CEO of AdvanSix. “We are excited by the opportunities ahead of us as a
stand-alone business, providing us flexibility to pursue growth
strategies aligned with industry dynamics, build on our operational
discipline, and serve our customers with agility.”
AdvanSix, which had 2015 revenues of $1.3 billion, is a manufacturer of
Nylon 6, a polymer resin sold under the Aegis® brand to
produce engineered plastics, fibers, filaments, and films that, in turn,
are used in end products such as automotive and electronic components,
carpets, sports apparel, fishing nets, and food and industrial
packaging. AdvanSix also produces caprolactam, the main feedstock for
producing nylon; Capran® nylon film; Sulf-N®
ammonium sulfate fertilizers; and chemical intermediates, including
phenol, acetone, and Nadone® cyclohexanone.
AdvanSix’s competitive advantages include its sustainable
cost-advantaged position, vertically integrated manufacturing, global
reach and diverse revenue sources. Its main production facility in
Hopewell, Va. is one of the world’s largest single-site production
facilities for caprolactam, the primary feedstock in the production of
nylon polymer. It also operates a nylon resin production facility in
nearby Chesterfield, Va.; a phenol and acetone production facility in
Frankford, Penn.; and a nylon film manufacturing site in Pottsville,
Penn.
More information on AdvanSix can be found at http://www.advan6.com.
This release contains certain statements that may be deemed
“forward-looking statements” within the meaning of Section 21E of the
Securities Exchange Act of 1934, as amended. All statements, other than
statements of historical fact, that address activities, events or
developments that our management intends, expects, projects, believes or
anticipates will or may occur in the future are forward-looking
statements. Although we believe forward-looking statements are based
upon reasonable assumptions, such statements involve known and unknown
risks, uncertainties and other factors, which may cause the actual
results or performance of the company to be materially different from
any future results or performance expressed or implied by such
forward-looking statements. Such risks and uncertainties include, but
are not limited to: our inability to achieve some or all of the
anticipated benefits of the spin-off from Honeywell including
uncertainty regarding qualification for expected tax treatment,
indebtedness incurred in connection with the spin-off, and operating as
an independent, publicly traded company; fluctuations in our stock
price; general economic and financial conditions in the U.S. and
globally; growth rates and cyclicality of the industries we serve;
significant unplanned interruptions of production or logistics
operations as a result of mechanical issues or other unanticipated
events such as fires, severe weather conditions, and natural disasters;
price fluctuations and supply of raw materials; adverse trade and tax
policies; extensive environmental, health and safety laws that apply to
our operations; litigation associated with chemical manufacturing; loss
of significant customer relationships; protection of our intellectual
property and proprietary information; and prolonged work stoppages as a
result of labor difficulties. You are cautioned not to place undue
reliance on these forward-looking statements, which speak only as of the
date of this release. Such forward-looking statements are not guarantees
of future performance, and actual results, developments and business
decisions may differ from those envisaged by such forward-looking
statements. We identify the principal risks and uncertainties that
affect our performance in our filings with the Securities and Exchange
Commission, including our Registration Statement on Form 10.

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Source: AdvanSix