Home / Knowledge / News / Company / NILIT acquires Brazilian nylon 6.6 facility of Invista
NILIT acquires Brazilian nylon 6.6 facility of Invista
20
Oct '14
NILIT, a producer of nylon 6.6 for thermoplastics and apparel applications said it will acquire the Brazilian manufacturing plant of INVISTA.

NILIT said it will continue the site’s nylon 6.6 operations and the transaction is expected to close in the fourth quarter of 2014, pending receipt of necessary regulatory approvals.

Neither NILIT nor INVISTA disclosed the terms of the transaction as both companies are privately held.

Dave Trerotola, President of INVISTA Apparel & Advanced Textiles said, “We believe the Americana site’s nylon 6.6 operations will enhance NILIT’s global manufacturing presence.”

Fabio Kahn, MD at NILIT Fibers division said, "In addition to our sites in the US, China and Israel, this acquisition complements NILIT’s global nylon 6.6 manufacturing operations.

“South America in general and Brazil in particular, both represent a key opportunity for NILIT and we plan to increase our DTY capacity and to reinforce our local presence,” he added.

“With this acquisition, we can significantly reinforce NILIT's commitment to the Brazilian market, especially in the circular and warp knitting segments,” Zion Ginat, GM at NILIT Group said.

He added, “A local production presence will guarantee a fast market penetration and, in addition a footprint in Brazil, which will allow further potential expansions.”

NILIT is an integrated nylon 6.6 business engaged worldwide in fibers for the textile industry and engineering plastics for the automotive and electrical industries.

It produces nylon 6.6 yarns in a broad selection of dtex and filament counts, luster levels, and types of cross-sections for legwear, bodywear, intimate apparel and activewear.

With leading brands including Lycra, Coolmax, Cordura, Stainmaster and Antron, INVISTA is one of the world’s largest integrated producers of chemical intermediates, polymers and fibers.

Its technologies for nylon, spandex and polyester are used to produce clothing, carpet, car parts and countless other everyday products. (AR)

Fibre2fashion News Desk - India


Must ReadView All

Pic: Shutterstock

Textiles | On 8th Mar 2021

Vietnam-UK FTA triggers two-way trade

After a month of Vietnam signing a free trade agreement (FTA) with...

Pic: Shutterstock

Retail | On 8th Mar 2021

2021 may see record retail sales in US, economy hinges on virus: NRF

A wide array of economic indicators point toward potentially record...

Pic: Lund University

Textiles | On 8th Mar 2021

Swedish scientists convert cotton into sugar, to make textiles

In a major step towards recycling, scientists at Sweden’s Lund...

Interviews View All

International apparel brands, Head honchos

International apparel brands
Head honchos

Launched first collection at onset of Covid

Textile Industry, Head honchos

Textile Industry
Head honchos

Indian apparel industry looks poised for slow death

Textile Industry, Head honchos

Textile Industry
Head honchos

Industry could be looking at 10%-15% job losses

Zillur Rehman,

Zillur Rehman

Cornerstone Systems offers consultancy to businesses for enhancing their...

Vikram Juneja,

Vikram Juneja

Jaquard is a training institute providing a highly specialised training...

Nina Smith,

Nina Smith

GoodWeave International, a nonprofit working to end child, forced and...

Wolfgang Plasser, Lenzing AG

Wolfgang Plasser
Lenzing AG

The Lenzing Group is an international company headquartered in Austria...

Luis Quijano, Liberty University

Luis Quijano
Liberty University

Focusing on bold patterns and colour palettes, Luis Quijano, a student at...

Daniel Odermatt, Ventile

Daniel Odermatt
Ventile

Ventile is a registered trademark used to brand a special high-quality...

Niti Singhal, Twee In One

Niti Singhal
Twee In One

Best known for convertible clothing, Indian brand Twee In One by designer...

Sandeep Gonsalves & Sarah Gonsalves, Sarah & Sandeep

Sandeep Gonsalves & Sarah Gonsalves
Sarah & Sandeep

Established in 2012, Sarah & Sandeep is a luxury menswear label...

Sweta Tantia, Tahweave & Garo

Sweta Tantia
Tahweave & Garo

Designer Sweta Tantia owns Garo, a couture indutva or ethnicwear brand,...

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


March 2021

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


Advanced Search