Lycra is just a trade name of Invista, a former wholly-owned subsidiary of DuPont (acquired by Koch Industrial Group for $4.4 billion in 2004). As the company occupies a monopoly position in the spandex market, Lycra has become synonymous with almost all spandex yarns.
It completely replaces the traditional elastic rubber thread. Lycra is almost an essential component in clothes with special requirements, such as gymnastics clothes and swimming suits.
It can make your curves show, your limbs stretch freely and there is no sense of oppression. Lycra is not only widely used in daily clothes, but also a pet in a popular kaleidoscope made by fashion designers. Lycra is therefore called the magic fiber by the delighted people, and is named after the Egyptian Sphinx, which makes it even more mysterious.
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On 2019 65438+1October 3 1, Shandong Ruyi Holding Group announced the completion of the acquisition of Invista's clothing and high-end fabrics business, including the world-renowned Lycra brand.
Sun Ruizhe, president of China National Textile and Apparel Council, said that the successful acquisition of Ruyi Group will greatly enhance the added value and competitiveness of China's new chemical fiber materials and related products, which is an important milestone in the transformation of China from a textile power to a textile power. This transaction will further consolidate Ruyi's leading position in the global clothing and health care products market.
According to reports, the targets of this transaction include the fiber and brand portfolio of Invista's clothing and high-end fabrics business, as well as related production assets, R&D centers, global sales offices, all related technology brands, product patents and commercial, operational and administrative personnel.
Invista is one of the largest manufacturers of chemical intermediates, polymers and fibers in the world. Good at developing and producing nylon, spandex, polyester fiber and special materials. Its products are widely used in clothing, carpets, car airbags and other daily necessities.
After the completion of the transaction, the new company was named Leica Group, and Ruyi became the controlling shareholder of Leica Group. It will operate as an independent subsidiary, maintaining its unique positioning, corporate vision, development strategy and organizational structure. Ruyi and the original shareholder of Invista, Koch Industrial Group, will continue to maintain close cooperation and will assist and ensure the smooth transition and handover of business after the transaction.
Baidu encyclopedia-Leica