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DuPont signs deal for new plant in Jiangsu

December 27/2018

MOSCOW (MRC) -- DuPont has announced it will invest over USD 80 million in Jiangsu province for a new specialty materials manufacturing plant during the China International Import Expo (CIIE) in Shanghai, as per GV.

DuPont signed the deal with the Zhangjiagang local government during the CIIE for a USD 80 million manufacturing facility, expected to become operational in 2020 and further expanded by 2023.

The new facility will be used to produce compounded high-end engineering plastics and adhesives to serve customers in transportation, electronics, industrial and consumer products markets. "This investment reinforces our commitment to China and the Asian market, where we see strong growth potential across our businesses," said Randy Stone, president of DuPont Transportation and Advanced Polymers.

"Our new manufacturing facility will position us well to support anticipated growth in the automotive sector due to strong customer demand for our advanced polymers and solutions from end users such as electric and hybrid vehicle manufacturers."

"We sincerely hope DuPont will speed up construction of the project, go into production early, and bring back return on investment as soon as possible," said Huang Ji, mayor of Zhangjiagang.

As MRC informed previously, rising demand for DuPontТs Tyvek nonwoven materials has prompted DuPont Safety and Construction, a business unit of DowDuPont Inc., to invest more than USD400 million to expand capacity for the materials at its facility in Luxembourg. The expansion will include the addition of a new building and third operating line at the site. The new capacity will come on stream in 2021.
Author:Margaret Volkova
Tags:car components, nonwovens, petrochemistry, Dow, DuPont, China, Luxembourg.
Category:General News
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