19 January 2010 01:27 [Source: ICIS news]
HOUSTON (ICIS news)--DuPont will invest an extra $175m (€123m) to complete the expansion of a production line in Ohio for films used in photovoltaic backsheets, the US chemical producer said on Monday.
The investment is in addition to the $120m announced in August for capacity expansions for raw materials used to make the Tedlar brand film, DuPont said in a statement.
The film line expansion will be undertaken at the DuPont facility in Circleville, Ohio, facility using existing and retrofitted assets.
Film production is scheduled to start up in September 2011.
The manufacturing steps for the film convert vinyl fluoride monomer into polyvinyl fluoride polymer resins.
DuPont said it plans to increase its monomer and polymer resin capacity by more than 50%, with construction already under way for facilities at its existing sites in Louisville, Kentucky, and Fayetteville, North Carolina.
Those facilities are scheduled to start up in mid-2010.
The company is projecting rapid growth in the photovoltaic market and projects its sales into that segment will exceed $1bn by 2012.
($1 = €0.70)
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