DuPont recently announced it has signed 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, according to a press released. "This agreement is an example of DuPont executing our strategy of 'going where the growth is,'" said Mark P. Vergnano, Vice President and General Manager of DuPont Nonwovens.
"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."
DuPont worked with South Korea's Minister of Commerce, Industry and Energy Dr Hee-Beom Lee and several Korean organisations, including the Korea Trade-Investment Promotion Agency, in securing the agreement.-PR