DuPont plans to invest US$150 mln to expand and upgrade manufacturing facilities in Europe, the United States and Asia to meet strong demand for its specialty ethylene copolymers in photovoltaics, packaging and automotive markets, as well as for new infrastructure in emerging economies. The investment will result in over 200 mlon pounds of additional capacity and reduced energy consumption at the operations, accelerating DuPont's ability to respond to rapidly growing demand of global customers.
Newly announced investments include:
* Additional capacity at Dordrecht, the Netherlands, for Fusabond ® modifiers and Bynel®) adhesive resins and to serve the European market. The new capacity is expected to be online in 2009.
* Enhanced capabilities for Surlyn ® ionomer resin and Vamac® ethylene acrylic elastomers from DuPont performance elastomers and upgrades to improve energy efficiency at DuPont's Sabine operation in Orange, Tex. These will be operational in 2008 and 2009.
* Production efficiency investments at the Victoria, Tex., facility for Elvax® ethlyene vinyl acetate copolymer (EVA) products. These will be operational in 2008 and 2009.
DuPont will begin operations in 2009 at an EVA facility to be constructed near Beijing, with joint venture partner, Sinopec. The facility, the first EVA manufacturing operation for DuPont in China, will supply a broad range of EVA products, thus strengthening DuPont's position in the world's fastest growing EVA market. The facility will begin operations in 2009.