CHARLESTON, S.C., Dec. 18 /PRNewswire-FirstCall/ -- DuPont has selected its Cooper River plant to receive the planned $500 million investment it recently announced to significantly expand production of high-performance DuPont(TM) Kevlar(R) para-aramid brand fiber for industrial and military uses.
The investment at the Cooper River site, which is located about 30 miles north of Charleston in Berkeley County, will include construction of a new Kevlar(R) fiber facility. It is expected to require 100 permanent DuPont jobs, as well as more than 400 contractor jobs during peak construction, which is scheduled to begin in January 2008. The plant's startup is scheduled for 2010.
The new Cooper River facility is the centerpiece of a multi-phase, multi-year Kevlar(R) production expansion announced in September that will ultimately increase global Kevlar(R) production capacity by more than 25 percent. The company is investing an additional $50 million at its Spruance plant in Richmond, Va., to increase Kevlar(R) polymer production. The combined expansion represents the largest single investment in Kevlar(R) and the largest capacity increase since the fiber was introduced in 1965.
"The new plant at Cooper River, together with our other global assets, will help DuPont meet strong and growing global demand for Kevlar(R)," said Thomas G. Powell, vice president and general manager, DuPont Advanced Fiber Systems. "It also will allow us to put our innovative science to work to develop new, differentiated Kevlar(R) products using the latest new fiber technologies that protect people and processes.
DuPont's Cooper River plant opened in 1973. The site currently has 60 employees and produces DuPont(TM) Hytrel(R) thermoplastic polyester elastomer, which is used primarily in the automotive industry.
Best known for its proven performance in ballistic and stab-resistant
body armor, Kevlar(R) has helped save the lives of thousands of law
enforcement officers and military personnel around the world. Between 2000
and 2006, DuPont successfully completed four Kevlar(R) fiber expansion
projects at its Richmond, Va., and Maydown, Northern Ireland, facilities.
Several of these expansions incorporated a proprietary New Fiber Technology
(NFT) developed and patented by DuPont. This new technology provides a
higher performance fiber for use in critical applications serving the
military and law enforcement sectors, as well as the automotive, aerospace
and oil and gas industries, among others.
Key growth applications for Kevlar(R) include:
-- Improved ballistic performance, providing lighter weight protective
apparel for law enforcement and military personnel;
-- Higher dexterity for gloves, providing more freedom of movement while
protecting hands from cuts;
-- Tailored solutions for automotive tires, providing for a smoother,
-- Reinforcements for pipes in oil and gas, enabling exploration in deeper
-- Enhanced honeycomb structures, providing strength for next generation
-- Superior fragment protection for the next generation of armored
-- Flame resistance and strength to help bedding manufacturers meet fire
resistant standards for mattresses;
-- Significant improvements in both tensile strength and compressive
strength for more durable foam used on space vehicles, and;
-- Reinforced construction for buildings and in-home storm rooms that
provide hurricane and tornado protection to protect homes and
DuPont Advanced Fiber Systems serves the global marketplace from offices in all major regions of the world and from five manufacturing facilities in Northern Ireland, Japan, Spain and the United States.
DuPont (NYSE: DD) 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, 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.
The DuPont Oval Logo, DuPont(TM), The miracles of science(TM),
Kevlar(R) and Hytrel(R) are registered trademarks or trademarks of DuPont
or its affiliates.
For additional information, please visit: http://www.kevlar.com
Photographs and B-roll are available at links below:
(Due to the URL lengths, please copy and paste text into your browser)
Photo: DuPont(TM) Kevlar(R) Bullet-Resistant Vest: http://vocuspr.vocus.com/VocusPR30/Newsroom/ViewAttachment.aspx?SiteName=Du pon tNew&Entity=PRAsset&AttachmentType=F&EntityID=97732&AttachmentID=a292e5f4- ca0d-49f7-ad0c-775978fb378f&NewWindow=true
Caption: Vests made with DuPont(TM) Kevlar(R) help protect law enforcement officers from risks they face on the job.
Photo: DuPont(TM) Kevlar(R) Protecting the Military http://vocuspr.vocus.com/VocusPR30/Newsroom/ViewAttachment.aspx?SiteName=Du pon tNew&Entity=PRAsset&AttachmentType=F&EntityID=107631&AttachmentID=03b81462- 5aa8-4f12-a98a-0d6de35d4a01&NewWindow=true
Caption: DuPont(TM) Kevlar(R) helps protect military soldiers in key applications. Vests, helmets and vehicle armor made of Kevlar(R) brand fiber provide superior protection against a wide range of threats, including bullets, shrapnel and fragmentation. "Courtesy of the U.S. Army"
Photo: DuPont(TM) Kevlar(R) Fiber http://vocuspr.vocus.com/VocusPR30/Newsroom/ViewAttachment.aspx?SiteName=Du pon tNew&Entity=PRAsset&AttachmentType=F&EntityID=104450&AttachmentID=fdaf2181- ca9a-43b6-b26d-90fe3d9deb49&NewWindow=true
Caption: DuPont(TM) Kevlar(R) is five times stronger than steel on an equal weight basis, yet possesses properties that make it lightweight, flexible and comfortable. It also delivers strength under heat, protecting against thermal hazards over 500 degrees Fahrenheit.
Photo: Oil Rig Umbilical with Kevlar(R) http://vocuspr.vocus.com/VocusPR30/Newsroom/ViewAttachment.aspx?SiteName=Du pon tNew&Entity=PRAsset&AttachmentType=F&EntityID=107750&AttachmentID=07573353- d2e9-4323-b992-32d6f72dcac6&NewWindow=true
Caption: DuPont(TM) Kevlar(R) is widely used in reinforced thermoplastic umbilicals. These structures carry high-pressure hydraulic hoses and electrical or optical cables that remotely control and service undersea drilling and recovery.
Photo: DuPont(TM) Kevlar(R) in Aircraft Infrastructure http://vocuspr.vocus.com/VocusPR30/Newsroom/ViewAttachment.aspx?SiteName=Du pon tNew&Entity=PRAsset&AttachmentType=F&EntityID=105337&AttachmentID=4504cbc3- 559a-4c1e-b124-65fa5519593a&NewWindow=true
Caption: Made from DuPont(TM) Kevlar(R), temperature-resistant honeycomb structures, such as the one pictured here, are inherently strong, yet extremely light in weight. The honeycomb materials are generally utilized in aircraft and shipbuilding industries.
Video B-roll: DuPont(TM) Kevlar(R) Ballistics Video http://vocuspr.vocus.com/VocusPR30/Newsroom/ViewAttachment.aspx?SiteName=Du pon tNew&Entity=PRAsset&AttachmentType=F&EntityID=104454&AttachmentID=74a30539- e6a5-44a3-a21d-42f7017c1916&NewWindow=true
Caption: A high speed video clip of a bullet hitting fabric made of DuPont(TM) Kevlar(R) fiber in high definition.
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