The world's second largest nonwovens producer DuPont has finalzed 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. Vice president and general manager of DuPont Nonwovens Mark Vergnano called the agreement an example of DuPont executing its strategy of "going where the growth is."
"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," he said.
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.
With sales of $1.2 billion, DuPont Nonwovens produces Typar flashspun and Sontara spunlaced as well as fabrics using its proprietray Advanced Composite Technology multipolymer technology. Mr. Vergnano did not speculate on what types of nonwovens would be produced at the facility.