Invista (stylized as INVISTA) is a fiber, resin, and intermediates company headquartered in

Wichita, Kansas Wichita ( ) is the List of cities in Kansas, most populous city in the U.S. state of Kansas and the county seat of Sedgwick County, Kansas, Sedgwick County. As of the 2020 United States census, 2020 census, the population of the city was 397, ...

United States The United States of America (USA), also known as the United States (U.S.) or America, is a country primarily located in North America. It is a federal republic of 50 U.S. state, states and a federal capital district, Washington, D.C. The 48 ...

. It has about 10,000 employees in over 20 countries worldwide. The predecessor DuPont Textiles and Interiors was formed from

DuPont Dupont, DuPont, Du Pont, duPont, or du Pont may refer to: People * Dupont (surname) Dupont, also spelled as DuPont, duPont, Du Pont, or du Pont is a French surname meaning "of the bridge", historically indicating that the holder of the surname re ...

's textile fibers division in February 2003. The company was given the trademarked name INVISTA and was then sold to privately owned

Koch Industries Koch, Inc. () is an American Multinational corporation, multinational Conglomerate (company), conglomerate corporation based in Wichita, Kansas, and is the second-largest privately held company in the United States, after Cargill. Its subsidiarie ...

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

United States Environmental Protection Agency The Environmental Protection Agency (EPA) is an independent agency of the United States government tasked with environmental protection matters. President Richard Nixon proposed the establishment of EPA on July 9, 1970; it began operation on De ...

(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 Spandex, Lycra, or elastane is a synthetic fiber known for its exceptional elasticity (physics), elasticity. It is a polyether-polyurea copolymer that was invented in 1958 by chemist Joseph Shivers at DuPont. Name The name ''spandex'', which ...

, Coolmax, and Thermolite. It was said to have cost 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 Manufacturing companies based in Kansas