INVISTA has acquired from La Seda de Barcelona SA
intellectual property of its purified terephthalic acid (PTA),
polyethylene terephthalate (PET) and related process
technologies, including full rights to exclusively license the
technologies in Europe, the Middle East and
In 2000, the ownership of intellectual property and
licensing rights for the region transferred to a regional joint
venture company established by INVISTAs and La
Until Wednesday, licensing required collaboration between
the two companies.
As a result of the acquisition, however, INVISTA Performance
Technologies says it can offer its customers in Europe, the Middle East and Africa a
more rapid and direct route to licensing.
INVISTA is the global market leader in PTA technology licensing with more
producers choosing to use our technology than any other,
said Mike Pickens, general manager of INVISTA Performance
We continue to innovate, providing technology that offers low capital
cost, low operating cost, high reliability and a small environmental footprint."
INVISTAs technologies are available as license
packages from INVISTA Performance Technologies, the company