Invista
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| Headquarters | , United States |
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| Parent | Koch Industries |
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Invista (stylized as INVISTA) is a fiber, resin, and intermediates company headquartered in Wichita, Kansas, United States. It has about 10,000 employees in over 20 countries worldwide.[1] The predecessor DuPont Textiles and Interiors was formed from DuPont's textile fibers division in February 2003.[2] The company was given the trademarked name INVISTA and was then sold to privately owned Koch Industries on April 30, 2004 for US$4.2 billion.[3][4] Koch Industries combined the newly acquired organization with their KoSa subsidiary to complete the INVISTA company.[4]
Operations
INVISTA's products include many brands.
In 2008, Invista sued Rhodia, a chemical company, for theft and misappropriation of a chemical process technology used to produce nylon 6,6.[5]
In February 2009, INVISTA announced a refinancing and capitalization plan that had reduced its debt by $1.6 billion since the previous June.[6] In the same year, Invista was the launch sponsor for WWDChina Week in Review, a weekly fashion publication.[7]
Also in 2009, INVISTA agreed to pay a $1.7 million civil penalty and spend up to $500 million to correct self-reported environmental violations at its facilities in seven states.[8][9] Prior to the settlement, the company had disclosed to the United States Environmental Protection Agency (EPA) more than 680 violations after auditing 12 facilities acquired from DuPont in 2004.[10][11] In June 2012, DuPont & INVISTA agreed to an out of court settlement to resolve indemnification issues related to these environmental issues.[12]
In 2019, Invista sold its Apparels & Advanced Textiles business to Shandong Ruyi. The sale included brands Lycra, Coolmax, and Thermolite. It was said to have cost more than $2 billion.[13] Koch Industries still retains a minority stake in The Lycra Company.[14]
References
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- ^ Page Module:Citation/CS1/styles.css has no content.Carroll, Jeremy (October 4, 2013). "Invista and Ingenza team up for bio-derived chemicals". Plastics News. Retrieved December 13, 2021.
- ^ Page Module:Citation/CS1/styles.css has no content."DuPont Announces Board of Directors for DuPont Textiles & Interiors" (Press release). dupont.com. May 1, 2003. Archived from the original on May 16, 2006. Retrieved December 13, 2021.
- ^ Page Module:Citation/CS1/styles.css has no content."DuPont and Koch Subsidiaries Agree On Sale of INVISTA Fibers Unit" (Press release). dupont.com. November 17, 2003. Archived from the original on May 16, 2006. Retrieved December 13, 2021.
- ^ a b Page Module:Citation/CS1/styles.css has no content."Koch Subsidiaries Buy Fibers Unit from DuPont" (Press release). invista.com. April 30, 2004. Archived from the original on May 24, 2011. Retrieved February 24, 2011.
- ^ Page Module:Citation/CS1/styles.css has no content."US: Invista files lawsuit over nylon trade secrets". Just-Style. November 14, 2008. Archived from the original on May 5, 2019. Retrieved October 8, 2013.
- ^ Page Module:Citation/CS1/styles.css has no content.Moon, Chris (February 10, 2009). "Wichita-based Invista reduces debt, adds capital". Wichita Business Journal.
- ^ Page Module:Citation/CS1/styles.css has no content."WWD Debuts WWDChina Week In Review". Business Wire. March 12, 2009.
- ^ Page Module:Citation/CS1/styles.css has no content."United States Announces Largest Settlement Under Environmental Protection Agency's Audit Policy" (Press release). U.S. Department of Justice. April 9, 2009. Retrieved May 31, 2010.
- ^ Page Module:Citation/CS1/styles.css has no content."United States Announces Largest Settlement Under Environmental Protection Agency's Audit Policy" (Press release). U.S. Environmental Protection Agency. April 13, 2009. Retrieved May 31, 2010.
{{cite press release}}: CS1 maint: deprecated archival service (link) - ^ Page Module:Citation/CS1/styles.css has no content.Levi Wolters (April 13, 2009). "Invista to correct EPA violations". Wichita Business Journal.
- ^ Page Module:Citation/CS1/styles.css has no content."Invista, Agencies File Agreement" (Press release). Invista. April 13, 2009. Archived from the original on September 5, 2010. Retrieved May 31, 2010.
- ^ Page Module:Citation/CS1/styles.css has no content."Invista and DuPont (DD) Settle Litigation in NY District Court".
- ^ Page Module:Citation/CS1/styles.css has no content."Chinese Luxury Firm Closes Long-Delayed $2 Billion Lycra Deal". Bloomberg.com. February 1, 2019. Archived from the original on September 9, 2020. Retrieved November 2, 2020.
- ^ Page Module:Citation/CS1/styles.css has no content.Murdoch, Kane Wu, Scott (August 6, 2020). "'China's LVMH' Shandong Ruyi resists Lycra sale in favour of IPO amid debt crisis: sources". Reuters. Retrieved November 2, 2020.
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External links
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- DuPont Company records on "Stainmaster" (1985-1992) at Hagley Museum and Library. Files include advertising materials, product literature, sales aids (for retailers), information on the development of the “Stainmaster” logo, a file on personnel, as well as one on environmental concerns from within the DuPont Company.
- DuPont Company Textile Fabrics Department videotapes, photographs, slides and promotions Script error: No such module "webarchive". (1918-2004) at Hagley Museum and Library.
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