Invista to focus on spandex after selling nylon plant to Nilit
Israeli fibre manufacturer Nilit has bought a Brazil-based nylon 6.6 plant from Invista to enhance its operations in South America.
Zion Ginat, general manager of Nilit, said, “With this acquisition, we can significantly reinforce Nilit's commitment to the Brazilian market, enabling us to expand sales to other customers, especially in the circular and warp knitting segments, by taking advantage of a very efficient, well-maintained and highly established site. A local production presence will guarantee a fast market penetration and, in addition, a footprint in Brazil, which will allow further potential expansions.”
Invista said the transaction will allow it to focus energyon growing its Lycra spandex business. It will make significant investments in its Paulínia-based spandex manufacturing operation and in marketing initiatives in the country.
