INVISTA Resolves Legal Dispute with Frontech over use of INVISTA's Proprietary BDO Technology
Issued on behalf of INVISTA and Frontech, Inc.
INVISTA, a wholly-owned subsidiary of Koch Industries, Inc., has resolved a legal dispute with Frontech, Inc. and Frontech’s Owner, Ming Wan. INVISTA claimed that Frontech and Mr. Wan had misused confidential information related to INVISTA’s proprietary 1,4 butanediol (BDO) technology. As part of this resolution, Frontech has paid INVISTA to obtain a license for use of certain parts of INVISTA’s proprietary BDO technology in two recent projects in China: the Shaanxi BDO Chemical Industry Co. Project and the Yunnan Yunwei Chemical Refining Ltd. Project. Frontech utilized Hualu Engineering & Technology Co., Ltd.’s design services for both projects. Frontech’s license to use INVISTA’s proprietary BDO technology is exclusively limited to these two projects in China.