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DuPont Selects South Carolina Site for Planned $500 Million Investment ToExpand

2010-4-22

 

DuPont Selects South Carolina Site for Planned $500 Million Investment ToExpand Production of High-Performance Kevlar® Fiber

 

Contact: Cathy Andriadis

302-774-4249

 

December 18, 2007 - DuPont has selected its Cooper River plant to receive the planned $500 million  investment it recently announced to significantly expand production of high-performance DuPont.

 

Kevlar® para-aramid brand fiber for industrial and military uses.The investment at the Cooper River site, which is located about 30 miles north of Charleston in Berkeley County, will include construction of a new Kevlar® fiber facility. It is expected to require 100 permanent DuPont jobs, as well as more than 400 contractor jobs during peak construction, which is scheduled to

begin in January 2008. The plant's startup is scheduled for 2010.

 

The new Cooper River facility is the centerpiece of a multi-phase, multi-year Kevlar® production

expansion announced in September that will ultimately increase global Kevlar® production capacity by more than 25 percent. The company is investing an additional $50 million at its Spruance plant in Richmond, Va., to increase Kevlar® polymer production. The combined expansion represents the largest single investment in Kevlar® and the largest capacity increase since the fiber was introduced in 1965.

 

"The new plant at Cooper River, together with our other global assets, will help DuPont meet strong and growing global demand for Kevlar®," said Thomas G. Powell, vice president and general manager, DuPont Advanced Fiber Systems. "It also will allow us to put our innovative science to work to develop new, differentiated Kevtar® products using the latest new fiber technologies that protect people and processes.

 

DuPont's Cooper River plant opened in 1973. The site currently has 60 employees and produces DuPont. Hytrel® thermoplastic polyester elastomer, which is used primarily in the automotive industry.

 

Best known for its proven performance in ballistic and stab-resistant body armor, Kevlar® has helped save the lives of thousands of law enforcement officers and military personnel around the world.Between 2000 and 2006, DuPont successfully completed four Kevlar® fiber expansion projects at its Richmond, Va., and Maydown, Northern Ireland, facilities. Several of these expansions incorporated a proprietary New Fiber Technology (NFT) developed and patented by DuPont. This new technology provides a higher performance fiber for use in critical applications serving the military and law enforcement sectors, as well as the automotive, aerospace and oil and gas industries, among others.

 

Key growth applications for Kevlar® include:

Improved ballistic performance, providing lighter weight protective apparel for law enforcement and military personnel;

Higher dexterity for gloves, providing more freedom of movement while protecting hands from cuts; Tailored solutions for automotive tires, providing for a smoother, quieter ride; Reinforcements for pipes in oil and gas, enabling exploration in deeper water; Enhanced honeycomb structures, providing strength for next generation aircraft; Superior fragment protection for the next generation of armored vehicles; Flame resistance and strength to help bedding manufacturers meet fire resistant standards for mattresses; Significant improvements in both tensile strength and compressive strength for more durable foam used on space vehicles, and; Reinforced construction for buildings and in-home storm rooms that provide hurricane and tornado protection to protect homes and businesses.

 

DuPont Advanced Fiber Systems serves the global marketplace from offices in all major regions of the world and from five manufacturing facilities in Northern Ireland, Japan, Spain and the United States.

 

DuPont is a science-based products and services company. Founded in 1802, DuPont puts science to work by creating sustainable solutions essential to a better, safer, healthier life for people everywhere.

 

Operating in more than 70 countries, DuPont offers a wide range of innovative products and services for markets including agriculture and food; building and construction; communications; and transportation.

 

Forward-looking Statements: This news release contains forward-looking statements based on

management's current expectations, estimates and projections. All statements that address

expectations or projections about the future, including statements about the company's strategy for growth, product development, market position, expected expenditures and financial results are forward-looking statements. Some of the forward-looking statements may be identified by words like "expects," "anticipates," "plans," "intends," "projects," "indicates," and similar expressions. These statements are not guarantees of future performance and involve a number of risks, uncertainties and assumptions. Many factors, including those discussed more fully elsewhere in this release and in documents filed with the Securities and Exchange Commission by DuPont, particularly its latest annual report on Form 10-K and quarterly report on Form 10-Q, as well as others, could cause results to differ materially from those stated. These factors include, but are not limited to changes in the laws, regulations, policies and economic conditions, including inflation, interest and foreign currency exchange rates, of countries in which the company does business; competitive pressures; successful integration of structural changes, including restructuring plans, acquisitions, divestitures and alliances; cost of raw materials, research and development of new products, including regulatory approval and market acceptance; and seasonality of sales of agricultural products.

 

12/18/07

 

The DuPont Oval Logo, DuPont., The miracles of science., Kevlar® and Hytrel® are registered

trademarks or trademarks of DuPont or its affiliates.

 


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