INVISTA makes decision to hold downstream nylon fibers business

WICHITA, Kan. -- Nearly one year after announcing its intention to explore strategic alternatives for its nylon fibers business, INVISTA announced it made the decision to hold the business following a thorough marketing process.  

The decision was shared  in a message to all employees from INVISTA president and CEO, Brook Vickery, and EVP of Downstream Nylon Fibers, Jeff Kugele, in early April.  

“While there was significant interest in the business, we reached the conclusion that INVISTA can create the most long-term value for the company by retaining ownership, and we are excited about the future potential of the business,” Vickery said.  

The marketing process focused on INVISTA’s nylon fiber portfolio, which includes airbag and industrial fibers, the CORDURA® businesses, and five supporting global manufacturing locations: Seaford, Delaware; Martinsville, Virginia; Kingston, Canada; Gloucester, UK; and Qingpu, China.   

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About INVISTA 

INVISTA is a global manufacturer of chemical intermediates, polymers and fibers. From parts for the automotive industry to medical equipment, airbags, food packaging and clothing, our ingredients in the nylon 6,6 and polypropylene value chains help bring many of life’s essential products to market. A subsidiary of Koch since 2004, INVISTA is committed to innovation and responsibly creating more value for its customers and society while consuming fewer resources to make these products. See the bigger picture at INVISTA.com.