INVISTA Expands in Wichita and adds 60 additional jobs to be added
at corporate headquarters of fiber and polymer manufacturer

INVISTA chose to expands its corporate headquarters in Wichita in 2005. The move brought 60 new jobs with an average annual salary of $85,000 with a variety of disciplines, including accounting, finance, legal, commercial development, business analysis, and commercial development.

In early 2004, INVISTA selected Wichita as its global headquarters. INVISTA has already exceeded the five-year projection of 206 jobs it committed to create at that time. For this expansion, the company will add an average annual payroll of $5.1 million and make a capital investment of $500,000 in building renovations.

“INVISTA’s decision to expand its operation in Kansas is a great testament to city, county, and state efforts,” said Governor Kathleen Sebelius. “The high-wage jobs created from this expansion will be a tremendous asset to the Wichita area. I’m proud Kansas continues to be a great place to do business, and that our state continues to attract quality jobs such as these.”

An integrated fiber and polymers manufacturer, INVISTA is best known for brands such as STAINMASTER® carpet and LYCRA® fiber. INVISTA is a wholly owned, independently managed subsidiary of Koch Industries, Inc.

The Greater Wichita Economic Development Coalition coordinated a package of incentives from the city of Wichita, Sedgwick County and the Kansas Department of Commerce that includes forgivable loans of $125,000 each from the city of Wichita and Sedgwick County, as well as a $35,000 forgivable loan from the state of Kansas and capital investment reimbursements of $135,000. In addition, the project qualified for tax credits and job training programs from the Kansas Department of Commerce.

Roger Ramseyer, public affairs director at INVISTA, said, “The Greater Wichita Economic Development Coalition coordinated various potential incentives in a responsive and timely manner. We appreciate the efforts of the GWEDC, city, county, and state, and believe the payroll and other taxes gained – along with other economic benefits for Wichita hotels, restaurants, and airlines that a corporate headquarters tends to generate -- will provide the city, county, and state with a significant return on this economic incentive investment.”

INVISTA is an integrated fibers and polymers business with a global presence. It operates five major businesses: Apparel; Interiors; Intermediates; Performance Fibers; and Polymer and Resins. INVISTA delivers exceptional value for its customers through market insights and technology innovations, along with a powerful portfolio of some of the most recognized global brands and trademarks in their respective industries including: ADI-PURE®, ANTRON®, AVORA® FR, INVISTA® C12, COMFOREL®, COOLMAX®, CORDURA®, CORFREE®, DACRON®, INVISTA® DBE, DYTEK®, ESP®, FORCE™, INVISTA® NYCO, LYCRA®, POLARGUARD®, POLYSHIELD®, SOLARMAX®, STAINMASTER®, SUPPLEX®, SUPRIVA™, TACTEL®, TACTESSE®, TERATE®, TERATHANE® and THERMOLITE®. More information can be found at www.INVISTA.com.
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