To continue to support the growing needs of its
worldwide customers, INVISTA is expanding its nylon 6,6 intermediates
and polymer capabilities globally.
INVISTA has begun engineering activities to construct a
world-scale nylon 6,6 facility in Asia to support the region's growing
demand for adiponitrile (ADN), hexamethylene diamine (HMD), and nylon
6,6 polymer. The new facility would deploy INVISTA's proprietary, next
generation of butadiene-based ADN technology to expand its low-cost,
competitively advantaged position into Asia.
INVISTA is working with key customers and suppliers in China and
around the region to finalize site selection. "We are evaluating
several sites, but our current preferred option is to build in China,
based on the continued growth potential of that market and the needs
of Chinese consumers," said Warren Primeaux, INVISTA's vice president
of ADN/HMD. Start-up of the facility is expected by 2011.
INVISTA is also expanding and improving its current network of
facilities in the United States, Canada, Singapore, and Europe. In
Victoria and Orange, Texas, INVISTA is moving forward with plans to
expand its ADN and HMD facilities by approximately 100 KT/yr. These
expansions are expected to be completed in 2008. INVISTA also has
improvements underway at its intermediate chemical production
facilities in Wilton, United Kingdom; and Sakra, Singapore.
INVISTA is an integrated fibers and polymers business with a
global presence. It operates five major businesses: Apparel;
Interiors; Intermediates; Performance Fibers; and Polymer and Resins.
As the leading supplier of nylon 6,6 intermediates and polymers,
INVISTA Intermediates serves customers from its worldwide network of
facilities in the United States, Canada, Singapore, Europe, and South
America.
INVISTA delivers exceptional value for its customers through
market insights and technology innovations, along with a powerful
portfolio of some of the most recognized global brands and trademarks
in their respective industries including: ADI-PURE(R), ANTRON(R),
AVORA(R) FR, INVISTA(R) C12, COMFOREL(R), COOLMAX(R), CORDURA(R),
CORFREE(R), DACRON(R), INVISTA(R) DBE, DYTEK(R), ESP(R), FORCE(TM),
INVISTA(R) NYCO, LYCRA(R), POLARGUARD(R), POLYSHIELD(R), SOLARMAX(R),
STAINMASTER(R), SUPPLEX(R), SUPRIVA(TM), TACTEL(R), TACTESSE(R),
TERATE(R), TERATHANE(R) and THERMOLITE(R). More information on INVISTA
can be found at www.INVISTA.com.
Forward-looking information
This press release includes forward-looking statements. These
statements relate to future events or future financial performance,
and involve known and unknown risks, uncertainties and other factors
that may cause INVISTA's actual results, levels of activity,
performance or achievements to be materially different from any future
results, levels of activity, performance or achievements expressed or
implied by these forward-looking statements. In some cases,
forward-looking statements can be identified by terminology such as
"may," "will," "should," "expects," "intends," "plans," "anticipates,"
"believes," "estimates," "predicts," "projects," "potential,"
"continue," "objective," "guidance" or the negative of these terms or
other comparable terminology. These statements are only predictions.
Actual events or results may differ materially. In evaluating these
statements, various factors, including the following, should be
considered:
-- INVISTA's ability to realize expected cost-savings and the
benefits of restructuring initiatives and to integrate
operations;
-- price volatility in the cost of raw materials and energy;
-- breach or loss of rights under key agreements;
-- the impact of competition and generic products on the value of
INVISTA's brands;
-- uncertainties related to INVISTA's international operations;
-- INVISTA's dependence on intellectual property;
-- changes to environmental and other regulations; and
-- financial difficulties of co-investment shareholders and their
affiliates and other matters relating to co-investments.
These factors may cause INVISTA's actual results to differ
materially from any forward-looking statement. Although INVISTA
believes the expectations reflected in the forward-looking statements
are reasonable, INVISTA cannot guarantee future results, levels of
activity, performance or achievements. INVISTA assumes no obligation
to update or revise any forward-looking statement or to provide
reasons why actual results may differ.
