Invista
| Company type | Private |
|---|---|
| Industry | Fibers, resins, chemical intermediates |
| Predecessor | DuPont Textiles and Interiors |
| Founded | February 2003 |
| Headquarters | Wichita , United States |
Area served | Over 20 nations |
| Products | Fibers, resins, chemical intermediates |
| Owner | Koch Industries |
Number of employees | 10,000 |
| Parent | Koch Industries |
Invista (presented as INVISTA) is a company specializing in fibers, resins, and chemical intermediates, with its main office located in Wichita, Kansas, United States. The firm employs approximately 10,000 individuals operating in over 20 nations. It was initially established as DuPont Textiles and Interiors, deriving from the textile fibers division of DuPont in February 2003. Subsequently, the business was rebranded as INVISTA and acquired by the privately held Koch Industries on April 30, 2004, for a multi-billion dollar sum. Koch merged this purchase with its existing KoSa subsidiary to form the present-day INVISTA organization.
Operations
INVISTA offers a wide array of branded products within its extensive portfolio.
In 2008, Invista initiated legal action against the chemical firm Rhodia, alleging misappropriation of nylon 6,6 process technology.
By early 2009, INVISTA had successfully lowered its debt by $1.6 billion through strategic refinancing and recapitalization initiatives. That same year, it served as a sponsor for WWDChina Week in Review, a publication focused on the fashion sector.
Additionally, in 2009, INVISTA consented to pay a $1.7 million civil fine and committed up to $500 million toward remedying self-disclosed environmental infractions at seven U.S.-based plants. These issues were identified following audits of twelve facilities acquired from DuPont in 2004. In June 2012, DuPont and INVISTA resolved indemnification disagreements related to these matters through an out-of-court settlement.
In 2019, Invista divested its Apparels & Advanced Textiles division—including the brands Lycra, Coolmax, and Thermolite—to Shandong Ruyi for more than $2 billion. Post-transaction, Koch Industries maintained a minority ownership interest in The Lycra Company.
External links
- DuPont Company records on "Stainmaster" (1985-1992) at Hagley Museum and Library. Contains advertising content, product brochures, sales tools, logo creation documents, personnel records, and environmental reports associated with DuPont.
- DuPont Company Textile Fabrics Department videotapes, photographs, slides, and promotional materials (1918-2004) at Hagley Museum and Library.