INVISTA Expansion - First Under New Ownership - Further Strengthens Company's Position as World's Leading Spandex Producer
First capital project under new ownership doubles capacity to meet growing local needs

September 10, 2004

Today, INVISTA announced that its Board of Directors has approved a new production facility in Foshan, Guangdong, Province of China. This expansion will continue to position the company as the world's largest producer of branded and generic spandex in the world.

"This is the first expansion under our new ownership," said Bill Ghitis, president of Global Apparel for the global fibers, polymers and intermediates company."This significant project will improve our productivity and profitability and positions us for future growth of our core spandex business. And it will help us fill the escalating local demand for quality spandex and LYCRA® branded apparel in China – offering products specifically designed for local producers."

The planned expansion, using state of the art technology, will increase spandex capacity initially by 12 kilotons with potential for doubling to a 24 kiloton expansion in the next year. The US $100 million dollar plus project is expected to be complete in mid-2006. Construction will begin this fall as soon as all commercial agreements with local entities are in place.

Ghitis added that the new facility represents the largest scale capital project initiated in the Guangdong Province and in Foshan, creating more than 100 new jobs for the area.

"This expansion is a strong indication of our continued commitment to our core business and our flagship brand LYCRA®." Ghitis said. "We intend to reinforce our leadership position here in Asia and support the growth of our local partners here just as we do in other developed or developing markets around the world."

"We have been active leaders in Asia for several years now, with production, sales offices and marketing programs. Our LYCRA® brand is already recognized and preferred by female consumers in major cities in China. Our 2004 brand investment here is more than twice that of previous years, targeting areas beyond Beijing and Shanghai. As the market for spandex continues to expand you can count on Invista to make the necessary investments to support customers around the world."

INVISTA currently has 32 manufacturing sites worldwide -- nine of which are in Asia -- as well as 20 sales locations, and research and development facilities in Taiwan, Shanghai and Singapore.

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