Home / Knowledge / News / Textiles / NILIT acquires Brazilian nylon 6.6 facility of Invista
NILIT acquires Brazilian nylon 6.6 facility of Invista
20
Oct '14
NILIT, a producer of nylon 6.6 for thermoplastics and apparel applications said it will acquire the Brazilian manufacturing plant of INVISTA.

NILIT said it will continue the site’s nylon 6.6 operations and the transaction is expected to close in the fourth quarter of 2014, pending receipt of necessary regulatory approvals.

Neither NILIT nor INVISTA disclosed the terms of the transaction as both companies are privately held.

Dave Trerotola, President of INVISTA Apparel & Advanced Textiles said, “We believe the Americana site’s nylon 6.6 operations will enhance NILIT’s global manufacturing presence.”

Fabio Kahn, MD at NILIT Fibers division said, "In addition to our sites in the US, China and Israel, this acquisition complements NILIT’s global nylon 6.6 manufacturing operations.

“South America in general and Brazil in particular, both represent a key opportunity for NILIT and we plan to increase our DTY capacity and to reinforce our local presence,” he added.

“With this acquisition, we can significantly reinforce NILIT's commitment to the Brazilian market, especially in the circular and warp knitting segments,” Zion Ginat, GM at NILIT Group said.

He added, “A local production presence will guarantee a fast market penetration and, in addition a footprint in Brazil, which will allow further potential expansions.”

NILIT is an integrated nylon 6.6 business engaged worldwide in fibers for the textile industry and engineering plastics for the automotive and electrical industries.

It produces nylon 6.6 yarns in a broad selection of dtex and filament counts, luster levels, and types of cross-sections for legwear, bodywear, intimate apparel and activewear.

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.

Its technologies for nylon, spandex and polyester are used to produce clothing, carpet, car parts and countless other everyday products. (AR)

Fibre2fashion News Desk - India

Must ReadView All

L-R Manish Singhai, COO, Peter England; Vinai Kumar Saxena, chairman, KVIC; Ashish Dikshit, business head, ABFRL and Anshu Sinha, CEO, KVIC while signing agreement. Courtesy: ABFRL

Textiles | On 24th May 2017

Aditya Birla & KVIC enter into a strategic partnership

Aditya Birla Fashion and Retail Ltd (ABFRL) and Khadi and Village...

Courtesy: Jabong

Apparel/Garments | On 24th May 2017

Jabong Mood Store redefines online shopping in India

Jabong, India's leading online fashion retailer, has launched the...

Apparel/Garments | On 24th May 2017

G-III Apparel enters into license agreement with PVH

G-III Apparel Group has entered into a multi-year license agreement...

Interviews View All

Angelina Francesca Cheang
MY ANJE

'Consumers in the age-group 21 to 38 are driving the activewear trend'

C. Dhandayuthapani
Mag Solvics Pvt. Ltd

ITME 2016 exploited our full strength like never before

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
May 2017

May 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search