Invista
American integrated fiber, resin and intermediates company
From Wikipedia, the free encyclopedia
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]
- February 2003 (as DuPont Textiles and Interiors)
- April 30, 2004 (as INVISTA)
 | |
| Company type | Subsidiary |
|---|---|
| Industry | Spandex, Resin, Chemical, Polymer |
| Founded |
|
| Headquarters | , United States |
Number of employees | 10,000 |
| Parent | Koch Industries |
| Website | www |
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]