Invista acquires Europe, Mideast licensing rights to PTA, PET technologies
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 Africa.
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 Sedas predecessors.
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 Technologies.
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 said.
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