DuPont signs agreement with Republic of Korea to build $12mn nonwovens facility
20 May '05
2 min read
US based Science Company DuPont announced it has signed an agreement with the Republic of Korea to build a $12 million nonwovens market development manufacturing facility in the province of Gyeong-gi, near Seoul.
Company Continues to Focus on Growth in Targeted Emerging Markets
"This agreement is an example of DuPont executing our strategy of 'going where the growth is,'" said Mark P. Vergnano, vice president and general manager of DuPont Nonwovens. "This market development facility will allow us to develop new selective barrier technologies and drive new applications globally. In addition, this initiative furthers DuPont's objectives to more clearly address the market needs of the Asia Pacific region."
DuPont worked with South Korea's Minister of Commerce, Industry and Energy Dr. Hee-Beom Lee and several Korean organizations, including the Korea Trade-Investment Promotion Agency, in securing the agreement, the company's latest move in Asia Pacific. Earlier this year, DuPont opened its corporate research and development facility near Shanghai to support growth in the Asia Pacific region. Last month, DuPont announced a research agreement with the National Chemical Laboratory in India.
DuPont Nonwovens is a leading supplier of nonwoven selective barrier brands and products to the health care, construction, personal protection, home furnishings and packaging industries – providing strength, protection and imbedded functionality.
DuPont Nonwovens is part of the DuPont Safety & Protection platform. The DuPont Safety & Protection platform is focused on finding solutions to help protect people, property, operations and the environment. The platform seeks to leverage and expand over 200 years of DuPont experience as one of the safest companies in the world with recognized excellence in science and technology and in-depth knowledge of key markets.
marketing@alchempro.com
