MOSCOW (MRC) -- INVISTA and Solvay have signed a settlement agreement that resolves disputes related to adiponitrile (ADN) intellectual property and technology in use at their nylon 6,6 intermediates Butachimie joint venture in Chalampe, France, said the company in its press release.
The settlement confirms INVISTA’s exclusive ownership of the ADN technology at Butachimie and includes a plan to upgrade the facility with INVISTA’s latest and most advanced ADN technology. The planned upgrade would be one of several components in a new joint venture relationship between the two companies.
"Retrofitting Butachimie with INVISTA’s newest ADN technology will dramatically increase the plant’s efficiency," said Warren Primeaux, president of INVISTA Intermediates. "Under this new joint venture, we are excited to work together with Solvay to better serve our customers and support nylon 6,6 growth."
The Butachimie joint venture has been operating for 40 years, and is the world’s largest ADN facility. The nylon 6,6 intermediates made at Butachimie are used to make nylon 6,6 fibers and polymers that ultimately become part of air bags, automobile parts, carpet, workout apparel, outdoor equipment and more.
As MRC wrote before, INVISTA signed an exclusive, long-term agreement with Petrochemical Conversion Company Ltd. (PCC) to purchase and market nylon 6,6 engineering resin for export from PCC’s new world-scale nylon 6,6 plant in Al-Jubail, Saudi Arabia.
INVISTA is one of the world’s largest integrated producers of chemical intermediates, polymers and fibers. The company’s advantaged technologies for nylon, spandex and polyester are used to produce clothing, carpet, car parts and countless other everyday products. Headquartered in the United States, INVISTA operates in more than 20 countries and has about 10,000 employees.
Solvay assists industries in finding and implementing ever more responsible and value-creating solutions. Solvay generates 90% of its net sales in activities where it is among the world's top three players. It serves many markets, varying from energy and the environment to automotive and aerospace or electricity and electronics. The group is headquartered in Brussels, employs about 29,400 people in 56 countries and generated 9.9 billion euros in net sales in 2013.
MRC