Invista (stylized as INVISTA), headquartered in Wichita, Kansas,

United States The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country Continental United States, primarily located in North America. It consists of 50 U.S. state, states, a Washington, D.C., ...

, is a fiber, resin and intermediates company. It has about 10,000 employees in over 20 countries worldwide. The predecessor DuPont Textiles and Interiors was formed from

DuPont DuPont de Nemours, Inc., commonly shortened to DuPont, is an American multinational chemical company first formed in 1802 by French-American chemist and industrialist Éleuthère Irénée du Pont de Nemours. The company played a major role in ...

's textile fibers division in February 2003. The company was given the trademarked name INVISTA and was then sold to privately owned Koch Industries on April 30, 2004 for billion. Koch Industries combined the newly acquired organization with their KoSa subsidiary to complete the INVISTA company.

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. 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. In 2019, Invista sold its Apparels & Advanced Textiles business to Shandong Ruyi. The sale included brands Lycra, Coolmax, and Thermolite and was said to have costed more than $2 billion. Koch Industries still retains a minority stake in The Lycra Company.

References

External links

*
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
(1918-2004) at Hagley Museum and Library. {{Authority control 2003 establishments in Kansas 2004 mergers and acquisitions American companies established in 2003 Companies based in Wichita, Kansas DuPont subsidiaries Koch Industries Textile companies of the United States