As a leader in the safety and protection market with globally recognized performance fiber brands such as "Kevlar" and "Nomex", DuPont Advanced Fiber Systems (AFS) is making the New DuPont a reality by improving its growth capabilities in growth markets such as China.
In June, AFS held its annual Global Leadership Meeting in Shanghai with the theme of "Powering Our Potential in China". The meeting focused on seeking new ways to accelerate growth in China in order to achieve the AFS vision.
The meeting detailed the investment, technologies, business models and resources driving growth in China. Leaders from General Motors, Deutsche Bank, Llinks Law Office and Kurt Salmon Associates spoke to the AFS leadership team about areas of imminent growth, including the automotive industry, financial business modeling and consumer retail.
During the meeting, DuPont Advanced Fiber Systems Vice President and General Manager Bill" Harvey announced plans to expand global production capacity for "Kevlar". AFS expects to invest more than US7 $70 million in the project, which will increase global "Kevlar" capacity by more than 10% by the end of 2005 and into 2006. The specific expansion locations will be finalized as required to meet the projected start-up dates.
AFS also has invested in the DuPont China Technical Center, which will become a center of excellence for testing products and serve as a focal point for existing and new customers. The center is currently under construction with a formal. opening expected in March 2005.
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