DuPont, Shinkong Form Joint Venture In Taiwan
DuPont, Wilmington, Del., and
Shinkong Synthetic Fibers Corp., Taiwan, have announced their intention to form a joint venture in
Taiwan to manufacture and market generic spandex fibers.
This is the second in a series of alliances planned by DuPont in key growth markets. A joint venture with Saehan in generic spandex in Korea recently began operation.
DuPont and Shinkong shall be equal partners. The new company will initially sell DuPont-produced generic spandex in Taiwan until the joint venture manufacturing facility is completed.
“DuPont has no plans to integrate its alliances in generic spandex with its LYCRA® business. The joint venture with Shinkong will maintain separate management and distribution to market,” said J. S. Kim, global business director, DuPont Generic Spandex.