INVISTA announces strategic actions, exploring opportunities in China
INVISTA announced a set of proposed strategic actions that aims to strengthen its global operating footprint and position the business for long-term competitiveness.
The proposed actions include:
closing its precision machine shop in Martinsville, Virginia;
discontinuing production at its Gloucester, England site;
transitioning operations to its Kingston, Canada facility, which will continue to serve customers in North America and Europe; and
continuing to explore various investment opportunities for expanding capabilities at select advantaged sites, including its Anlon site in Shanghai, China.
“These proposals are not a reflection of their performance or commitment, but rather a response to today’s market environment and the need to align our operations with where we see long-term opportunity,” Brook Vickery, INVISTA president and CEO, emphasized.
As part of these proposed actions, INVISTA is focusing investment in key facilities and capabilities that will support growth, enhance competitiveness, and strengthen operational resilience. These efforts reflect the company’s commitment to being a stable and reliable business that serves global customers.
In the coming weeks, INVISTA will engage in required employee consultations and work closely with customers to support potential orderly product transitions. Approximately 150 roles across the affected locations may potentially be impacted should these proposals move forward. If enacted, all impacted employees will be eligible for severance benefits.
Throughout this process, INVISTA remains committed to treating every employee with dignity and respect and will continue to comply with all applicable legal and regulatory requirements.
