Newspaper article The Journal (Newcastle, England)

INVISTA Is Going from Strength to Strength

Newspaper article The Journal (Newcastle, England)

INVISTA Is Going from Strength to Strength

Article excerpt

A great deal can happen to a company in two years. During the first 18 months of the newly created INVISTA, the company's strategies were focused on getting healthy. The site at Wilton was no exception and since INVISTA became an independently managed but wholly owned subsidiary of Koch Industries Inc on April 30, 2004, the site has been working hard to improve its profitability. Having achieved this objective INVISTA is now pursuing growth.

For those who work at INVISTA, there is no other organisation quite like it.

INVISTA was merged with KoSa, a producer of commodity and speciality polyester fibres, polymers and intermediates two years ago.

The company as a whole produces a variety of products, the most commonly known are brand names such as LYCRA, CORDURA, COOLMAX, POLYSHIELD, and ANTRON (*see footnote).

On the Wilton site, INVISTA Intermediates operates a world class nylon intermediates petrochemical site producing Nylon 6,6 polymer and ADI-PURE High Purity Adipic Acid.

The site is a highly complex integrated manufacturing chain, in which INVISTA is making significant ongoing investments to drive continuous manufacturing improvement and to help grow its global Intermediates business.

INVISTA Performance Technologies (IPT) is based at Wilton Centre. IPT provides the resources and technology to deliver proven, world scale technology for licensing in purified terephthalic acid (PTA), polyester polymerization for fibre and PET resin, as well as large-scale polyester staple fibre spinning machines.

IPT is broadening its licensing portfolio to include technology offerings that support the nylon and spandex value chains as well as further exploiting its strengths in polyester products and processes. IPT has offices in the USA and China as well as Wilton.

The company's shareholder, Koch Industries, Inc. is a privately held company based in Wichita, Kansas. It owns a diverse group of companies employing about 80,000 people and has a presence in nearly 60 countries worldwide. …

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