DuPont to invest US$500 mln in multi-phase expansion

In a bid to meet growing global demand for Kevlar due to increased needs for safety and security, DuPont Advanced Fiber Systems plans to invest over US$500 mln in a multi-phase expansion project for its trademarked Kevlar-brand para-aramid fiber. First phase will comprise of 25% expansion in Kevlar capacity at its Richmond plant later this year. Upon completion of this expansion, estimated in 2010, the project will be the largest Kevlar expansion since the product was introduced in 1965. Demand for Kevlar in aerospace, oil and gas and automotive industries has also been boosted due to rising energy prices.
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