Invista resolves legal dispute with Frontech over its use of Invista's proprietary BDO technology; Frontech to now pay Invista for license to use certain parts of Invista's BDO technology in two Chinese projects
Liling Tan
HOUSTON
,
August 29, 2011
(press release)
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Issued on behalf of INVISTA and Frontech, Inc.
INVISTA, a wholly-owned subsidiary of Koch Industries, Inc., has resolved a legal dispute with Frontech, Inc. and Frontech’s owner, Ming Wan. INVISTA claimed that Frontech and Mr. Wan had misused confidential information related to INVISTA’s proprietary 1,4 butanediol (BDO) technology. As part of this resolution, Frontech has paid INVISTA to obtain a license for use of certain parts of INVISTA’s proprietary BDO technology in two recent projects in China: the Shaanxi BDO Chemical Industry Co. Project and the Yunnan Yunwei Chemical Refining Ltd. Project. Frontech utilized Hualu Engineering & Technology Co., Ltd.’s design services for both projects. Frontech’s license to use INVISTA’s proprietary BDO technology is exclusively limited to these two projects in China.
About INVISTA
INVISTA is one of the world’s largest integrated producers of polymers and fibers, primarily for nylon, spandex and polyester applications, a business presence in over 20 countries, INVISTA’s global businesses deliver exceptional value for their customers through technology innovations, market insights and a powerful portfolio of global trademarks including: ADI-PURE®, ANTRON®, AVORA®, C12™, COMFOREL®, COOLMAX®, CORDURA®, CORFREE®, DACRON®, DBE®, DYTEK®, FRESHFX™, LYCRA®, PERFORMA™, POLARGUARD®, POLYSHIELD®, POLYCLEAR®, SOLARMAX®, STAINMASTER®, SUPPLEX®, SUPRIVA®, TACTEL®, TACTESSE®, TERATE®, TERATHANE® and THERMOLITE®. More information on INVISTA can be found at www.INVISTA.com.
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