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Invista mull over selling advanced textile business to expand business

YarnsandFibers News Bureau 2017-02-28 15:30:00 – Kansas

Invista is a global polymer and fibre manufacturer with a line-up of global consumer brands - including Lycra and Coolmax fibre .The business delivers comfort and fashion in premium garments and maintains a presence in every major region of the world.

But it now aims at business expansion and its current alternatives include potentially selling, or retaining and further investing in the business within Invista, a wholly owned subsidiary of Koch Industries.

Jeff Gentry, chairman and CEO of Invista said that a key element of our business philosophy is to continuously assess the external value of our assets against our internal value to make sure that the asset is owned by the company that values it most highly.

A key element of their Market-Based Management business philosophy is to continuously assess the external value of our assets against their internal value to make sure that the asset is owned by the company that values it most highly.

He added that the apparel business is a strategic part of our portfolio .They are extremely pleased with the results of the business and remain confident in its continued and future success. They are simply considering all available options. In the event that no other company values the business more than they do, they will continue to invest for the future.

Invista offers advantaged technologies for nylon, spandex and polyester that are used to produce clothing, carpet, air bags and countless other everyday products.

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