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DuPont and City of Dongying, China, Reach Key Milestone Toward Investment of $1 Billion in New Titanium Dioxide Plant

Published on 2005-11-21. Author : SpecialChem

WILMINGTON, Del., and BEIJING -- Leaders of DuPont and the city of Dongying signed a project agreement -- a major milestone on the path toward construction of a world-class titanium dioxide (TiO2) plant representing a total investment of $1 billion in the city's Economic Development Zone. TiO2 is a white pigment widely used in the coatings, plastics and paper industries.

The project agreement is a key step toward construction of the new facility because it documents the success of negotiations that began last March between DuPont and Dongying City. Once relevant government approvals are received, the new TiO2 plant is expected to represent a total investment at Dongying of more than $1 billion. That sum includes the initial DuPont investment, facilities installed by the city and integrated suppliers to the plant, and eventual expansion of the original facility.

The plant will be wholly owned by DuPont and will be the company's largest single investment project outside the United States. With a planned completion date of 2010, the plant will have an initial annual capacity of 200 thousand tons of TiO2 and will employ approximately 350 workers. Most of those workers will be hired in the Dongying area.

DuPont Senior Vice President and Chief Science & Technology Officer Thomas M. Connelly and Mr. Sun Shou Pu, deputy governor of Shandong Province, where Dongying is located, joined about 150 representatives from DuPont, a variety of government agencies, trade experts and TiO2 customers to witness the project agreement signing.

"The planning and construction of a project of this complexity is not quickly or easily accomplished, yet we have reached this remarkable milestone in just eight months," said Richard C. Olson, vice president and general manager of DuPont Titanium Technologies. "It is important that all parties maintain the momentum that made this day possible and resolve the remaining issues promptly. It is in everyone's best interests that we maintain our aggressive project schedule."

"Reaching this stage further demonstrates our company's commitment to China and to serving our customers in China, Asia and worldwide," said Thomas G. Powell, president of DuPont Greater China. "With this and other recently announced investments in Shanghai, Shenzhen, and Changshu, we are well ahead of our previously announced plan to double our investment in China by 2010. Once it receives final approvals, this plant will bring to Dongying the world's most technologically advanced, environmentally sound manufacturing process for titanium dioxide plus a large number of attractive job opportunities."

"We are excited about the progress we have made since our negotiations with DuPont began last March," said Dongying Mayor Liu Guoxin. "DuPont has an excellent reputation for the quality and innovation of its products, the safety of its plants and its fine environmental performance, so we believe this plant will be a great contributor to the sustainable development of Dongying City."

DuPont Titanium Technologies is the world's largest manufacturer of titanium dioxide, serving customers globally in the coatings, paper and plastics industries. The company operates plants at DeLisle, Miss.; New Johnsonville, Tenn.; Edge Moor, Del.; Altamira, Mexico; Uberaba, Brazil, and; Kuan Yin, Taiwan, all of which utilize the chloride manufacturing process. Technical service centers are located in Uberaba; Mechelen, Belgium; Kuan Yin; Wilmington, Del.; and Shanghai, China, to serve the European, Middle Eastern, U.S. and Asian markets.

DuPont (NYSE: DD - News) 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.

Source: DuPont


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