Home / Knowledge / News / Textiles / INVISTA & Jian-Feng sign BDO, PTMEG license deal
INVISTA & Jian-Feng sign BDO, PTMEG license deal
28
Aug '09
INVISTA, a world leader in chemical intermediates, polymers and fibers, signed a technology licensing agreement with Chongqing Jian-Feng Industrial Group Co., Ltd. to license its BDO and PTMEG manufacturing technologies to the Chinese company.

Jian-Feng is investing RMB 2 billion (approximately $300 million US) in building a manufacturing complex to produce these two products at Chongqing Chemical Industry Park in the Fuling District of the Chongqing Municipality.

Mr. Li Xian Wen, vice general manager of the Jianfeng Industrial Group, and Mr. Jeff Gentry, chairman of the board of directors and CEO of INVISTA, participated in a signing ceremony held here today for the licensing deal. Also present were senior representatives from both companies and senior government leaders from the Chongqing Municipality, including Mayor Wang Hongju.

“We are proud to support Chongqing's continuing technological and industrial development through our licensing of BDO and PTMEG technologies,” said Gentry. “We admire the clear vision for Chongqing's continued growth as an industrial center being advanced by Mayor Wang and other Chongqing leaders.”

The licensing agreement covers the manufacturing processes, required technologies, product formulations as well as expert engineering services for the two plants with annual capacity of 60,000 tons of BDO and 46,000 tons of PTMEG.

“Our technology licensing organization, INVISTA Performance Technologies, has over 40 years of technology transfer experience and has participated in over 40 projects in China,” said Gentry. “We are pleased to provide Jian-Feng with the design and know-how for its manufacturing operation in Chongqing.”

Chemical intermediate BDO (1,4 butanediol) is used in making polyester resins and polyurethanes, and PTMEG(polytetramethylene ether glycol) is a polyether glycol used as a building block in high-performance polyurethanes, polyesters co-polymers and other polymers. Typical end uses for PTMEG include spandex fibers, thermal plastic elastomers, and cast elastomers for apparel, automotive, and industrial uses.

INVISTA has been licensing its leading technologies in chemical intermediates and polymers in China since 1990. The total investment of INVISTA's Chinese licensees has now exceeded RMB 32 billion.

INVISTA

Must ReadView All

Textiles | On 26th May 2017

Lenzing unleashes new eco-friendly fibre

There's a new eco-friendly fibre on the anvil—Austrian speciality...

Apparel/Garments | On 26th May 2017

PVH Corp Q1 2017 revenue rises 4%

The first quarter revenue of fiscal 2017 at apparel marketer PVH Corp ...

Courtesy: Levi Strauss & Co

Apparel/Garments | On 26th May 2017

LS&Co. to fund water saving solutions

LS&Co. will fund to the tune of more than $350,000 the solutions...

Interviews View All

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

Yash Maniyar
Rekha Maniyar

Indian fashion market is growing at a staggering rate

Manfred Mentges
Sedo Treepoint GmbH

We see a higher demand in colour management systems, as customers see big...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Wendell Rodricks
Wendell Rodricks

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

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