News Flash

INVISTA picks Alfa's stake in Monterrey's Nylon 6 fibre facility

30 Sep '05

2 min read

Affiliates of Alfa and INVISTA finalized the sale of the apparel business facility in Monterrey. Fibers Mexico, an INVISTA affiliate, purchased Alfa's interest in this transaction. The financial terms of the sale were not disclosed.

The Monterrey facility produces nylon 6 textile fiber and spandex used in the apparel and personal care industries. The apparel business in Mexico will be integrated into INVISTA's global apparel business.

INVISTA Apparel maintains a manufacturing or marketing presence in every major market and garment region in the world. 'INVISTA is committed to the textile industry and this investment demonstrates that commitment,' said Bill Ghitis, president, INVISTA Apparel. 'Their focus is to bring value to the apparel industry by delivering market back innovations based on consumer insights and linked to their brands.'

The market segments of INVISTA's apparel business include ready-to-wear; intimate apparel; leg wear; sports apparel; swimwear; and career apparel. INVISTA's apparel business has an impressive line-up of global brands including the powerful LYCRA brand which is now being licensed into footwear, cosmetics and other uses beyond apparel.

LYCRA is one of the most recognized brands in the apparel and clothing industry in Mexico. Among Mexican consumers, LYCRA fiber is positioned as a top of mind brand to provide stretch, recovery, fit and comfort to garments. Mexican consumers prefer the LYCRA brand by 42 percent when compared to the use of a generic brand.

More INVISTA News... More Apparel/Garments News - United States Of America...