Growing Global Demand for Product Innovations is Key Driver for Major Expansion Plan, Underscores DuPont Commitment to Customers and Leadership in High Performance Fibers
WILMINGTON, Del., Sept. 19, 2007 – As a leader in safety and protection, DuPont today announced production expansion plans for its high performance Kevlar® para-aramid brand fiber. DuPont plans to invest over $500 million in a multi-phase production expansion starting with a Kevlar® polymer expansion in Richmond, Va., later this year. For DuPont, a world leader in para-aramid sales, this expansion would increase Kevlar® capacity by more than 25 percent when complete in 2010 and represents the largest Kevlar® expansion since the product was introduced in 1965. Details about additional expansion phases will be announced at a later date.
For over 40 years, DuPont™ Kevlar® has been recognized worldwide for its proven performance in a wide variety of safety and high performance applications, including automotive brakes and tires; body armor and protective apparel; aerospace and airplane components; and building materials.
DuPont Advanced Fiber Systems serves a global marketplace from offices in all major regions of the world and has 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 and regions, 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.