BRIEF: Invista buys resin plant in Europe
Dec 21, 2012 (The Wichita Eagle - McClatchy-Tribune Information Services via COMTEX) --
Copyright (C) 2012, The Wichita Eagle
A subsidiary of Invista closed a deal Friday to buy a plant from VSL Born B.V. in the Netherlands.
The plant, which has about 30 employees, makes industrial resin used in automotive, electrical/electronic, industrial and consumer goods applications.
The company expects to use the plant to produce prime-based compounds under its Torzen PA66 brand, as well as high-quality recycled products.
Invista, a subsidiary of Koch Industries, is a global polymer and fiber company with 10,000 employees and operations in more than 20 countries.
"Europe is a critical region for automotive manufacturers and other global decision-makers within the industry," Kurt Burmeister, executive vice president, Invista Engineering Polymers, said in a statement. "The Born site's expertise, location, employee values, and position as a trusted compounder made them the right fit for our company."