Invista

American integrated fiber, resin and intermediates company

For the storage virtualization software product, see EMC Invista.

INVISTA

Company type| Subsidiary
Industry| Spandex, Resin, Chemical, Polymer
Founded|

* February 2003; 22 years ago (2003-02) (as DuPont Textiles and Interiors)
* April 30, 2004 (2004-04-30) (as INVISTA)

Headquarters|

Wichita, Kansas

United States

Number of employees

| 10,000
Parent| Koch Industries
Website| www.invista.com

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

[edit]

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

[edit]

1. ^ Carroll, Jeremy (4 October 2013). "Invista and Ingenza team up for bio-derived chemicals". Plastics News. Retrieved 13 December 2021.
2. ^ "DuPont Announces Board of Directors for DuPont Textiles & Interiors" (Press release). dupont.com. May 1, 2003. Archived from the original on 16 May 2006. Retrieved 13 December 2021.
3. ^ "DuPont and Koch Subsidiaries Agree On Sale of INVISTA Fibers Unit" (Press release). dupont.com. November 17, 2003. Archived from the original on 16 May 2006. Retrieved 13 December 2021.
4. ^ a b "Koch Subsidiaries Buy Fibers Unit from DuPont" (Press release). invista.com. April 30, 2004. Archived from the original on May 24, 2011. Retrieved 2011-02-24.
5. ^ "US: Invista files lawsuit over nylon trade secrets". Just-Style. Nov 14, 2008. Archived from the original on May 5, 2019. Retrieved October 8, 2013.
6. ^ Moon, Chris (Feb 10, 2009). "Wichita-based Invista reduces debt, adds capital". Wichita Business Journal.
7. ^ "WWD Debuts WWDChina Week In Review". Business Wire. Mar 12, 2009.
8. ^ "United States Announces Largest Settlement Under Environmental Protection Agency's Audit Policy" (Press release). U.S. Department of Justice. 9 April 2009. Retrieved 2010-05-31.
9. ^ "United States Announces Largest Settlement Under Environmental Protection Agency's Audit Policy" (Press release). U.S. Environmental Protection Agency. 13 April 2009. Retrieved 2010-05-31.
10. ^ Levi Wolters (13 April 2009). "Invista to correct EPA violations". Wichita Business Journal.
11. ^ "Invista, Agencies File Agreement" (Press release). Invista. 13 April 2009. Archived from the original on 5 September 2010. Retrieved 2010-05-31.
12. ^ "Invista and DuPont (DD) Settle Litigation in NY District Court".
13. ^ "Chinese Luxury Firm Closes Long-Delayed $2 Billion Lycra Deal". Bloomberg.com. 2019-02-01. Archived from the original on 2019-02-01. Retrieved 2020-11-02.
14. ^ Murdoch, Kane Wu, Scott (2020-08-06). "'China's LVMH' Shandong Ruyi resists Lycra sale in favour of IPO amid debt crisis: sources". Reuters. Retrieved 2020-11-02.`{{cite news}}`: CS1 maint: multiple names: authors list (link)

## External links

[edit]

* Official website
* 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 Archived 2020-08-14 at the Wayback Machine (1918-2004) at Hagley Museum and Library.

* v
* t
* e

Koch Industries

Georgia-Pacific|

* Angel Soft
* Brawny
* Colhogar
* Delica
* Demak'Up
* DensArmor Plus
* Dixie
* KittenSoft
* Lotus
* Mardi Gras
* Moltonel
* Okay
* Plytanium
* Quilted Northern
* Sparkle
* Tenderly
* ToughRock
* Tutto
* Vanity Fair

Infor|

* CERTPOINT Systems
* Geac Computer Corporation
* D&B Software
* GT Nexus
* TradeCard
* MAPICS
* SSA Global Technologies
* Baan Corporation
* Epiphany, Inc.

Invista|

* Antron
* Comforel
* Cordura
* Dacron
* Polarguard
* SolarMax
* Stainmaster

Other units|

* ABKO Properties
* Guardian Industries
* Flint Hills Resources
* Koch Chemical Technology Group
* Koch Fertilizer
* Koch Minerals
* KochPAC
* Koch Pipeline Company
* Koch Supply & Trading
* Matador Cattle Company
* Molex

Key people|

* Charles Koch
* David Koch
* Richard Fink
* Kevin Gentry
* J. Howard Marshall

Authority control databases |

* ISNI

|

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