Ingevity Corp (NGVT) PT Raised to $87 at Stifel
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Ingevity to add caprolactone polyol production in DeRidder, Louisiana
February 18, 2021 4:15 PM ESTNORTH CHARLESTON, S.C.--(BUSINESS WIRE)-- Ingevity Corporation (NYSE: NGVT) today announced that it will add caprolactone polyol production capabilities at its facility in DeRidder, Louisiana. Global demand for its Capa® suite of caprolactone technologies primarily for industrial equipment, adhesives, coatings, and automotive applications is increasing. The DeRidder upgrades will increase Ingevitys global polyol production capacity by 40%, positioning the company to better meet demand and more effectively serve its customers.
Ingevitys caprolactone technologies are made possible through a unique ring-opening polymerization process, whereby polycaprolactone monomer can be derivatized into proprietary, value-added... More
