SINGAPORE (ICIS)--Dupont will invest over $80m to set up a new production base of special materials including engineering plastics at Zhangjiagang in China’s Jiangsu province, the company said on Thursday.
"The planned site is expected to become operational in 2020 with expansion through 2023," it said in a statement.
Dupont and Zhangjiagang city government signed the investment deal on the sidelines of the China International Import Expo (CIIE) being held in Shanghai on 5-10 November.
The site will mainly produce engineering plastics, acetal resin, thermoplastic polyester , thermoplastic elastomer, lubricants and special silicone materials.
"The site plans to include new production lines for automotive adhesives, and intends to manufacture additional specialty products in the future, enabling it to be the first multi-business manufacturing facility in China for the new DuPont," it added.