INVISTA
 |
|
| Industry | Spandex, Resin, Chemical, Polymer |
|---|---|
| Headquarters | Wichita, Kansas, United States |
| Parent | Koch Industries |
| Website | www.invista.com |
Invista, headquartered in Wichita, Kansas, United States, is the world's largest integrated fiber, resin and intermediates company. It has about 10,000 employees in over 20 countries worldwide.DuPont originally formed the company as a subsidiary in 2003 from its textile fibers division and named it DuPont Textiles and Interiors while a permanent identity was established. The company was given the trademarked name INVISTA and was then sold to privately owned Koch Industries in April 2004. Koch Industries combined the newly acquired organization with their KoSa subsidiary to complete the INVISTA company.
INVISTA's products include brands such as LYCRA® fiber, STAINMASTER® carpeting, CORDURA® durable fabrics, TACTEL® nylon fiber, and ANTRON® commercial carpet fiber as well as a variety of polyester resins and specialty intermediates. INVISTA has won a number of environmental, health, and safety awards. In March 2011, for example, INVISTA’s fiber facility in Monterrey, Mexico received the “Safe Company Recognition” from La Secretaria del Trabajo y Previsión Social (STPS), which placed INVISTA at the highest level recognized by the Mexican Labor Authority Also, INVISTA’s Victoria site received the Employer Award of Excellence from the Texas Workforce Commission for making a positive impact on employers, workers and the community.
In 2008, Invista sued Rhodia, a chemical company, for theft and misappropriation of a chemical process technology used to produce nylon 6,6.
In February 2009, INVISTA announced a refinancing and capitalization plan that had reduced its debt by $1.6 billion since the previous June. In the same year, Invista was the launch sponsor for WWDChina Week in Review, a weekly fashion publication. 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. Prior to the settlement, the company had disclosed to the EPA more than 680 violations after auditing 12 facilities acquired from DuPont in 2004. In June 2012, DuPont & INVISTA agreed to an out of court settlement to resolve indemnification issues related to these environmental issues
INVISTA and the Occupational Safety and Health Administration (OSHA) agreed in 2008 “to collaborate, share knowledge and further strengthen safety and health management systems at seven US Invista sites.” The firm and OSHA sought to “use their collective expertise to expand and implement robust safety and health management systems at the seven participating worksites.”
...
Wikipedia