Invista
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| Industry | Spandex, Resin, Chemical, Polymer |
|---|---|
| Headquarters | Wichita, Kansas, USA |
| Parent | Koch Industries |
| Website | www.invista.com |
INVISTA, headquartered in Wichita, Kansas, United States, is the world's largest integrated fiber, resin and intermediates company. DuPont originally formed the company as a subsidiary in 2003 from its textile fibers division and named it DuPont Textiles and Interiors while a permanent identity was established.[1] The company was given the trademarked name INVISTA and was then sold to privately owned Koch Industries in April 2004.[2] Koch Industries combined the newly acquired organization with their KoSa subsidiary to complete the INVISTA company.[3]
INVISTA's products include brands such as Lycra fiber, Stainmaster carpeting, Cordura durable fabrics, Tactel nylon fiber, and Antron commercial carpet fiber as well as a variety of polyester resins and specialty intermediates.
In 2009, Koch subsidiary 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.[4][5] Prior to the settlement, the company had disclosed to the EPA more than 680 violations after auditing 12 facilities acquired from DuPont in 2004.[6][7] In June 2012, DuPont & Invista agreed to an out of court settlement to resolve indemnification issues related to these environmental issues [8]
INVISTA was mentioned by the United States Environmental Protection Agency (EPA) for self-reporting environmental violations. According to the EPA, "the emission reductions resulting from correcting these violations will result in estimated annual human health benefits valued at over $325 million, including 30 fewer premature deaths per year, 2,000 fewer days/year when people would miss school or work, and over 9,000 fewer cases of upper and lower respiratory symptoms."[9]
References [edit]
- ^ "DuPont Announces Board of Directors for DuPont Textiles & Interiors" (Press release). dupont.com. May 1, 2003. Retrieved 2011-02-24.
- ^ "DuPont and Koch Subsidiaries Agree On Sale of INVISTA Fibers Unit" (Press release). dupont.com. November 17, 2003. Retrieved 2011-02-24.
- ^ "Koch Subsidiaries Buy Fibers Unit from DuPont" (Press release). invista.com. April 30, 2004. Retrieved 2011-02-24.
- ^ "United States Announces Largest Settlement Under Environmental Protection Agency's Audit Policy" (Press release). U.S. Department of Justice. 9 April 2009. Retrieved 2010-05-31.
- ^ "United States Announces Largest Settlement Under Environmental Protection Agency's Audit Policy" (Press release). U.S. Environmental Protection Agency. 13 April 2009. Retrieved 2010-05-31.
- ^ Levi Wolters (13 April 2009). "INVISTA to correct EPA violations". Wichita Business Journal.
- ^ "INVISTA, Agencies File Agreement" (Press release). INVISTA. 13 April 2009. Retrieved 2010-05-31.
- ^ "INVISTA and DuPont (DD) Settle Litigation in NY District Court".
- ^ "United States Announces Largest Settlement Under Environmental Protection Agency’s Audit Policy". EPA. Retrieved 27 April 2011.
External links [edit]
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