Turkey: Technology License Invista Wins Technology Contract from Sasa
Invista Performance Technologies’ P8 Process Technology has been selected for Sasa’s PTA project in Turkey. Both the companies have signed a Letter of Intent which aims to establish long-term relations between Invista and Sasa.
Wilton/United Kingdom – Invista’s technology and licensing group, Invista Performance Technologies (IPT), and Sasa Polyester Sanayi (Sasa) have recently signed a ‘Letter of Intent (LOI)’ on February 3, 2020. The deal confirms the selection of IPT as the PTA Licensor for the license of Invista’s P8 Process Technology for Sasa’s PTA project in Turkey with an annual production capacity of 1.5 million tonnes. The signing of the LOI has great significance in terms of long-term collaboration between Sasa & Invista.