Courtaulds settles patent dispute with Austrian group
Thursday 08 January 1998
Yesterday the two companies agreed to cross-license each other on a royalty- free basis on all products related to lyocell. Courtaulds uses the fibre to make Tencel, a robust, silky material used for suits and other garments.
No compensation has been paid by either side and both companies will now be free to manufacture and sell lyocell anywhere in the world without restriction. The two companies had battled since 1993 in US and European courts over patents both hold on lyocell.
The company described the agreement as "an honourable score draw" that would enable both sides to develop the market for the fibre.
Courtaulds opened a $90m Tencel plant in Alabama in 1992. A further plant opened in the same location in 1996. A Tencel factory in Grimsby is expected to open later this year.
Lyocell is produced from the natural cellulose of woodpulp. Courtaulds says the fabric's qualities include its strength, colour intensity and low shrinkage during cleaning.
Analysts said the settlement was a positive step for both companies and would allow them to concentrate on building a market for what is now a niche product sold mainly by the two companies, dwarfed by the much larger market for acrylic and rayon fibres.
Courtaulds shares rose as much as 3p to 295p in early trading before easing back to 290p.
- 1 Nigel Farage: Me vs Russell Brand on Question Time – he's got the chest hair but where are his ideas?
- 2 Harry Potter fans can apply to the Hogwarts-inspired College of Wizardry
- 3 Jessica Chambers: 19-year-old woman 'doused with lighter fluid and burned alive' in the US
- 4 Russell Brand calls Nigel Farage 'poundshop Enoch Powell' in BBC Question Time debate
- 5 Orange Wednesdays are no more
Weather bomb in pictures: Storms cuts power for tens of thousands – and snow is on the way
Jessica Chambers: 19-year-old woman 'doused with lighter fluid and burned alive' in the US
Russell Brand calls Nigel Farage 'poundshop Enoch Powell' in BBC Question Time debate
Russell Brand was rendered speechless on Question Time by this man
Fury at Airbus after it hints the super-jumbo may be mothballed
Disgruntled RBS worker writes hilarious open letter to Russell Brand after anti-capitalist publicity stunt leaves him hungry
Shock poll shows voters believe Ukip is to the left of the Tories
Nigel Farage's approval rating hits 'record low' as popularity suffers in wake of Ukip sex scandal
Nigel Farage defends Kerry Smith 'ch***y' comment: 'If you are going for a Chinese, what do you say you’re going for?'
Ukip candidate jokes about 'shooting peasants' in racist and homophobic rant
Pakistan school attack live: Taliban kill at least 132 children in 'horrifying' massacre
iJobs Money & Business
$200 - $350 per annum: Carlton Senior Appointments: Managing Producer Office...
$125 - $225 per annum: Carlton Senior Appointments: San Fran - Investment Advi...
Up to £70,000 per annum + benefits: Sheridan Maine: Are you a qualified accoun...
Up to £65,000 per annum + benefits: Sheridan Maine: Are you a qualified accoun...