DuPont Advanced Fiber Systems Increases Pricing for DuPont Kevlar and Nomex
MISSISSAUGA, ON — DuPont Advanced Fiber Systems
announces a global price increase averaging 10 percent for DuPont Kevlar and Nomex products. The increase applies across multiple markets and applications and is effective July 1, or as contracts permit.
The business is taking this action in response to extreme volatility in costs for raw materials, energy, transportation and logistics, which cannot be totally offset by aggressive
productivity and cost reduction measures.
In addition, DuPont is aggressively investing in Kevlar and Nomex to support the increasing global demand for these products.
A previously announced $100 million expansion for Nomex paper and fibre is on track for third-quarter startup. The most recently announced production expansions for Kevlar at plant sites in Richmond, Va., and Cooper River, S.C., exceed $500 million with additional capacity to begin 2009.
These pricing actions are necessary to offset a portion of the dramatic increases in raw material, energy and transportation costs, and to continue to invest in Kevlar and Nomex, said Thomas G. Powell, vice president and general manager DuPont Advanced Fiber Systems. We will continue our efforts to improve productivity and control costs to minimize the overall impact on our customers, and we remain committed to continuing to invest to meet their needs for growth.
DuPont is a science 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, nutrition, electronics, communications, safety and protection, home and construction, transportation and apparel.
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