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

Last-minute changes in USMCA keeps lid on e-com

Textiles | On 18th Oct 2018

Last-minute changes in USMCA keeps lid on e-com

Eleventh hour changes to a new trade deal torpedoed US hopes of...

Courtesy: Haggar

Apparel/Garments | On 18th Oct 2018

Haggar uses Repreve fibre made of recycled water bottles

Haggar, a US based apparel brand established in 1926, has recycled...

Revenue from RIL petrochemicals soars 56.2% in Q2FY19

Textiles | On 18th Oct 2018

Revenue from RIL petrochemicals soars 56.2% in Q2FY19

The revenue from the petrochemicals segment of Reliance Industries...

Interviews View All

Cindy McNaull, Cordura

Cindy McNaull
Cordura

We have broad range of options in durable fabrics

Top executives, Textile industry

Top executives
Textile industry

It will take some time for the people to change their buying choices

Headhonchos, Indian textile value chain

Headhonchos
Indian textile value chain

'One nation, one tax' is a great concept

Anupam Arya,

Anupam Arya

<div>Jaipur-based Fabriclore Retailing Pvt. Ltd. is attempting to revive...

Gagan Gulati,

Gagan Gulati

PG Silk Mills Private Limited had a humble start with a hand-dyeing unit....

Sandip Bhojani, Manthan Patel,

Sandip Bhojani, Manthan Patel

Krypthm Tradelink LLP is a Surat-based manufacturer of westernwear....

Prof Seokheun (Sean) Choi, Binghamton University, State University of New York (SUNY)

Prof Seokheun (Sean) Choi
Binghamton University, State University of New York (SUNY)

A team of researchers from the State University of New York (SUNY),...

Razvan Popescu, Directa Plus SpA

Razvan Popescu
Directa Plus SpA

Directa Plus is one of the largest producers and suppliers worldwide of...

Johan Berlin, InvestKonsult Sweden AB

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Samar Firdos, Arvind Ltd

Samar Firdos
Arvind Ltd

<b>Samar Firdos</b>, Chief Manager (Design) at Lifestyle Apparel Denim...

Silvia Venturini Fendi, Fendi s.r.l

Silvia Venturini Fendi
Fendi s.r.l

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

Pranav Mishra, Huemn

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

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

Leave your Comments


October 2018

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

news category


Related Categories:

Advanced Search