MOSCOW (MRC) -- DuPont Packaging & Industrial Polymers announced its intent to continue to increase production capacity of its ethylene copolymers assets at its Texas manufacturing facilities to meet growing market demand, said Plastemart.
Plans include a series of investments totalling over USD100 mln to be completed over the next 3 to 4 years. More than one-third of the investment is expected to be installed by the end of 2015. The balance of the investment is expected to be completed over the following 3 years. Specifically, this investment will support growth in DuPont specialty resins including: DuPontSurlyn ionomer resin, DuPont Nucrel ethylene acid copolymer resin, DuPont Elvaloy ethylene copolymer resins, DuPont Vamac ethylene acrylic elastomers, and special grades of DuPontElvax EVA copolymers.
"Market demand for these products is growing. Our differentiated and high-value products are being used in a diverse range of growth markets. This includes packaging that helps reduce food waste and offers consumer convenience, and materials to enable more efficient vehicles, new roads that stand up to tough environments, more durable roofing solutions, and higher-performing architectural glass solutions," said William J. Harvey, president, DuPont Packaging & Industrial Polymers. "Our customers count on DuPont strengths in application development and new product development to innovate their product offerings. We are pleased to add new capacity of our high-performance polymers to support growth for our customers."
As MRC wrote before, Borealis AG is buying out DuPont Co.’s two-thirds share in their Specialty Polymers Antwerp NV joint venture. No purchase price was disclosedl. Wilmington, Del.-based DuPont will continue to sell ethylene vinyl acetate (EVA) and acrylate compolymers made at the JV’s plant, which is in Zwijndrecht, Belgium.
DuPont is an American chemical company that was founded in July, 1802. The company manufactures a wide range of chemical products, leading extensive innovative research in this field. The company is the inventor of many unique plastics and other materials, including neoprene, nylon, Teflon, Kevlar, Mylar, Tyvek, etc. DuPont was the developer and main producer of Freon used in the production of refrigeration equipment.
MRC