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Invista resolves IP arbitration for its PTA technology
22
Jun '16
Courtesy: Invista
Courtesy: Invista
Invista, a leading manufacturer of chemical intermediates, polymers, and fibres, recently resolved an intellectual property (IP) arbitration against a Chinese company for misuse of its purified terephthalic acid (PTA) technology.

“Protecting our intellectual property is not just about us; it's about protecting our customers' investments and allowing them to maintain their competitive advantage, “said Mike Pickens, president, Invista performance technologies (IPT).

He further said, “We are glad to see that our intellectual property protection initiatives in China align well with the government's increased enforcement of these rights.”

IPT is the technology licensing group within Invista. IPT provides the resources and know-how to deliver technology for licensing to a growing portfolio of technologies in the value chains of polyester (PTA, polymer, fibre, R2R), polyurethane (BDO, PTMEG) and nylon (N2O abatement). (HO)

Fibre2Fashion News Desk – India

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