Home / Knowledge / News / Textiles / INVISTA & Markor sign BDO license agreement
INVISTA & Markor sign BDO license agreement
02
Nov '10
INVISTA, a world leader in chemical intermediates, polymers and fibers, signed a technology licensing agreement with Markor Chemical for butanediol (BDO) manufacturing technology.

Headquartered in Urumqi, Xinjiang Province, China, Markor Group is a private company with businesses in furniture manufacturing, home furnishings and chemicals. Its subsidiary, Markor Chemical, produces methanol, formaldehyde, acetylene, tetrahydrofuran, and BDO in Korla, Xinjiang Province, China.

Mr. Feng Dongming, chairman and CEO of Markor Investment Group, and Mr. Jeff Gentry, chairman of the board of directors and CEO of INVISTA, participated in a signing ceremony for the licensing deal held here at INVISTA's headquarters. Also present were Mr. Cao Guang, chairman and CEO of Chengda Engineering Company, as well as senior representatives from both companies.

“We are proud to support Markor's continuing technological and industrial development through our licensing of BDO technologies,” said Gentry. “We appreciate Markor's trust and hope to see our collaboration with Markor extend into the future.”

The licensing agreement covers the manufacturing processes, required technologies, product formulations and expert engineering services for the 100-kt per year BDO plant.

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

Chemical intermediate BDO (1,4 butanediol) is used in the manufacture of polyester resins, polyurethanes, and PTMEG (polytetramethylene ether glycol), which is used to make 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 33 billion.

INVISTA is one of the world's largest integrated producers of polymers and fibers, primarily for nylon, spandex and polyester applications.

INVISTA


Must ReadView All

Textiles | On 21st Jul 2017

No shortage of cotton & yarn in country: Minister

There is no shortage of cotton and yarn in the country, and the...

Pic courtesy: Sutlej Textiles & Industries Ltd

Textiles | On 21st Jul 2017

Sutlej Textiles’ Q1 FY18 EBITDA expands to Rs 76.28 cr

Sutlej Textiles and Industries Ltd (STIL), one of India’s largest...

Textiles | On 21st Jul 2017

CAI revises 2016-17 cotton crop to 337.25 lakh bales

Cotton Association of India (CAI) has upwardly revised cotton crop...

Interviews View All

Amrit Sethia
SOIE

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Shawn Honeycutt
Bolger & O'Hearn

‘The Indian market is interesting and rather persistent in seeking new...

Priyanka
Studio Priyanka Rajiv

‘To reinvent the age-old tradition of embroidery to suit demographics and...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Urs Stalder
Sanitized AG

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

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Jay Ramrakhiani
Occasions Elegance Wear

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

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

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

July 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.


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



X