Home / Knowledge / News / Textiles / Invista sheds 50 jobs at Wilmington plant
Invista sheds 50 jobs at Wilmington plant
25
Feb '10
Invista, a US based global, integrated producer of polymers and fibers has decided to cut 50 jobs at its Wilmington plant, New Hanover. Invista said that it was a tough decision, but was crucial to the success of the company.

Invista is one of the largest producers in the world of these two raw materials and operates in more than 20 countries across North America, South America, Europe, and the Asia-Pacific region.

Earlier, in 2007, the county commissioners had approved a US $3 million incentive package, subject to the company investing $200 million in the plant and create more jobs, but the deal never saw light.

In 2008, Invista announced that it would not be able to invest, due to tough market conditions. The incentive was supposed to be paid out over a period of six years.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 27th May 2017

Indian textiles ministry promotes wool sector

The ministry of textiles has taken multiple steps to promote the wool ...

Apparel/Garments | On 27th May 2017

House not to try repeal of debit card swipe fee reform

The National Retail Federation have welcomed reports that House...

Apparel/Garments | On 26th May 2017

Benetton seeks approval for FDI in single-brand retail

Global fashion brand Benetton Group, has sought Indian government's...

Interviews View All

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

Siddharth Biyani
Mangalam Industries Pvt Ltd

‘The manufacturing sector is improving day-by-day, becoming better in...

Shiladitya K Joshi
Truetzschler India Private Limited

India ITME provides a platform to interact with our stakeholders

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Mark Paterson
Technical Absorbents Ltd

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

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

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