Printer Friendly

DU PONT TO INVEST IN NYLON CAPACITY IN U.S.

 DU PONT TO INVEST IN NYLON CAPACITY IN U.S.
 WILMINGTON, Del., May 7 /PRNewswire/ -- Du Pont (NYSE: DD) today


announced a plan to make its textile nylon business more competitive in the apparel marketplace.
 The company anticipates investing $140 million this year as the first step in a $1.5 billion, 10-year program to build new state-of-the- art nylon capacity, primarily in the United States.
 The plan will be funded by cash generated from textile nylon operations. In conjunction with the plan, Du Pont's textile nylon business began an ongoing cost reduction and quality improvement program in mid-1991.
 "Du Pont's long-term strategy is to maintain our position as the premier textile nylon supplier in the United States, while growing our share and strengthening our position in Europe and Asia Pacific," said James F. Heslep, worldwide business director, textile nylon.
 "This investment to improve competitiveness of our United States capacity, coupled with our recently announced intent to acquire ICI's European-based nylon business and our $1 billion nylon investment in Asia Pacific over the next 10 years, reinforces the corporate commitment to textile nylon as a core Du Pont business," Heslep said.
 The initial investment will be targeted for Du Pont's plant in Camden, S.C., for warp knit and hosiery end uses. Plans for the remainder of the investment are being developed.
 /delval/
 -0- 5/7/92
 /CONTACT: J.J. Pryor of Du Pont, 302-999-5291/
 (DD) CO: Du Pont ST: Delaware IN: CHM SU:


JS -- PH012 -- 7549 05/07/92 11:00 EDT
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:May 7, 1992
Words:253
Previous Article:HILTON REPORTS IMPROVED RESULTS FOR MONTH OF APRIL; NET INCOME RISES 63 PERCENT IN FIRST FOUR MONTHS OF 1992
Next Article:DATA RENTALS & SALES AND US INTEGRATED TECHNOLOGIES RELEASE INNOVATIVE CREDIT RETRIEVAL SYSTEM
Topics:


Related Articles
Japanese spunbonded nonwovens.
Dupont Industrial Products.
DU PONT'S CHAIRMAN GETS TEXTILE INSTITUTE AWARD
DU PONT, ICI ANNOUNCE AGREEMENTS
ICI AND DU PONT AGREE ON NYLON AND ACRYLICS BUSINESS TRANSACTIONS
ICI AND DU PONT TO DISCUSS TRANSACTION
An historical look at the technology of spunbonding.
DU PONT ANNOUNCES NYLON RECYCLING TECHNOLOGIES
DU PONT RESTRUCTURES TEXTILE ORGANIZATION
Spunbonding and melt blowing: an overview.

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters