DuPont and Wuxi Xingda Nylon of Wuxi, China, have completed formation and start-up of a joint venture for the production and distribution of filaments used in brushes. Terms have not been disclosed.
The new enterprise is structured with three regional operating companies, each owned by DuPont (70 percent) and Xingda (30 percent). The operating companies are DuPont Xingda Filaments in Wuxi, China; DuPont Filaments- Europe BV in Landgraaf, The Netherlands; and DuPont Filaments-Americas, LLC in Wilmington, Delaware.
“The joint venture opens up new opportunities to grow with our customers,” said John Locklear, chief executive officer and global operations director of the enterprise. “The integration of Xingda’s manufacturing flexibility and product line with DuPont brand filaments allows for a strong, competitive product offering.”
The new venture will be staffed by approximately 500 employees serving customers’ filament needs in more than 60 countries worldwide. The venture will have manufacturing facilities in Parkersburg, West Virginia, Landgraaf, The Netherlands and Wuxi and Shenzhen, China.