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Related Keywords: chemical intermediates, headquartered in the United States, in operation for more than 80 years, INVISTA, next year, one of the world’s largest integrated producers, operating in more than 20 countries, polymers and fibers, Shandong Ruyi Investment Holding, Waynesboro plant specializes in Lycra, Waynesboro plant to see a new owners

Invista headquartered in the United States, one of the world’s largest integrated producers of chemical intermediates, polymers and fibers operating in more than 20 countries to see it’s Waynesboro plant a new owners as of next year. Invista's Waynesboro manufacturing facility has been in operation for more than 80 years, previously as DuPont.

The Waynesboro plant specializes in Lycra and is also a research and development facility that supports fiber innovations and new technologies. The Waynesboro plant employees around 400 people.

Related Keywords: business to be owned, company that can create, employees, enable business to thrive, entered into a definitive agreement, greatest value for customers, Invista apparel business, knowledge and capability, portfolio, sell Invista Apparel & Advanced Textiles, Shandong Ruyi Investment Holding, stockholders, strategic and valued part, succeed

Invista’s apparel business has always been a strategic and valued part of their portfolio and they want this business to be owned by the company that can create the greatest value for customers, employees and stockholders. In this case, they believe that Shandong Ruyi Investment Holding has the knowledge and capability that will enable this business to thrive the most and succeed over the long term, said Jeff Gentry, Invista chairman and CEO.