Sector News

Invista completes sale of apparel and advanced textiles business to Ruyi

February 1, 2019
Chemical Value Chain

Get involved in the discussion! Click here to comment on this story

Invista (Wichita, Kansas) says it has completed the sale of its apparel and advanced textiles business to Chinese textiles giant Shandong Ruyi. Financial terms of the deal, which was first announced in October 2017, were not disclosed.

Ruyi has received the manufacturing assets, R&D centers, global sales offices, and brands for Invista’s portfolio of apparel-focused fibers, including Lycra, Coolmax, and Thermolite. Ruyi has also taken manufacturing assets for the production of polytetramethylene ether glycol (PTMEG), 1,4-butanediol (BDO), and tetrahydrofuran (THF). In total, 3,000 employees have been transferred to Ruyi.

Invista has kept nylon, polyester, polyols and licensing businesses and related brands. These include Invista’s nylon-6,6 intermediates business, its global nylon polymer and fiber portfolio, and brands including Stainmaster and Antron carpet fibers and Cordura fabric.

Invista has also kept the intellectual property rights for its BDO, THF, and PTMEG technologies.

By Clay Boswell

Source: Chemical Week

Join the discussion!

Your email address will not be published. Required fields are marked *

Related News

November 18, 2019

Aramco IPO values company at $1.62–1.72 trillion

Chemical Value Chain

LinkedIn Twitter FacebookSaudi Aramco on Sunday said it will list a 1.5% stake, or 3 billion shares, on the Tadawul (Riyadh) stock exchange in its initial public offering (IPO). The […]

November 15, 2019

The new era of sustainable supply chains

Chemical Value Chain

LinkedIn Twitter FacebookTo improve sustainability, materials manufacturers are welcoming new digital technologies and process innovations into their global supply chains From palm oil to plastics, the global supply chains of […]

November 14, 2019

Current chems recycling not enough to make significant dent in oil demand – IEA

Chemical Value Chain

LinkedIn Twitter FacebookChemicals recycling technologies that would pave the way for petrochemicals to avoid crude oil as feedstock are still not sufficient to drag down overall demand in coming decades, […]

Subscribe to our Weekly Newsletter

We're easy to reach