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INVISTA’s new polyester strategy sees profitable business results for 2010

Following its 2009 restructuring efforts, INVISTA Resins & Fibers GmbH is already seeing the benefits of its new business strategy implemented at INVISTA’s Gersthofen site. Sales volumes improved over the course of the economic recovery and market shares increased in specialty segments.

“In 2010, we could already see that our new strategy was starting to bear fruit and that we had set the right course,” said Ottmar Schmidt, general manager, Polymer & Resins Europe. “We therefore look forward with confidence to 2011.”

INVISTA's Polymer & Resins business strategy involves a consistent focus on a diversified product portfolio and innovative new developments. In 2010, the business launched low-melt Type 7001 resin and OXYCLEAR® barrier resin products.

“OXYCLEAR® barrier resin is a new product in our barrier resins family and over the past few years we have successfully supplied our POLYSHIELD® resin in the market. The diversity in our innovative products shows our determination to continue to meet our customers’ requirements,” commented Torsten Schmidt, business director for packaging resins.

“Our mission is to create profitable growth and long-term added value for our customers and shareholders,” said Ottmar Schmidt. “We gain competitive advantages through innovation, service to our customers, efficiency and flexibility in production and processes.”

In the first quarter of 2011, the INVISTA Polymer & Resins business will carry out a complete overhaul of its polymer production line that had been temporarily shut down.

“Through this forward-looking investment, we intend to be able to meet the high market demand and supply our customers with the required product quantities,” explained Achim Heyer, business director for DMT and amorphous polymers.

Scheduled for the third quarter of 2011 is a more comprehensive, general overhaul of INVISTA’s DMT plant in Gersthofen. This project has been brought forward a year and involves considerable investment, designed to ensure long-term, reliable supply to INVISTA’s customers in Europe.

About INVISTA

With leading brands including LYCRA®, COOLMAX®, CORDURA®, STAINMASTER® and ANTRON®, INVISTA is one of the world’s largest integrated producers of chemical intermediates, polymers and fibers. The company’s advantaged technologies for nylon, spandex and polyester are used to produce clothing, carpet, car parts and countless other everyday products. Headquartered in the United States, INVISTA operates in more than 20 countries and has about 10,000 employees. For more information, visit www.INVISTA.com, Facebook.com/INVISTAglobal and Twitter.com/INVISTA.