Beijing Dayuan and DuPont Form Joint Venture
Year:1998 ISSUE:16
COLUMN:OTHER
Click:202 DateTime:Jan.04,2006
Beijing Dayuan and DuPont Form Joint Venture
By Wu Zhenqi
Beijing,China,May 14th,1998.The DuPont Com-pany and Beijing Dayuan Non
-woven Fabric Co.,Ltd.jointly announced that the two companies have
formed a new joint venture,DuPont-Dayuan Nonwovens Fabric Co.,Ltd. The
new joint venture will produce rayon and polyester- based spunlaced
fabrics to serve China and the Asia-Pacific region.
The joint venture business,which will be based just outside of Beijing
,China,will be 50% owned by DuPont and 50% owned by BeiJing Dayuan
.DuPont-Dayuan will be led by BeiJing Wei,who will serve as General
Manager.Mr.Wei presently serves as President and Chairman of the board
of Beijing Dayuan.DuPont will represent the joint venture in the
marketplace.
The joint venture blends Beijing Dayuan's ability to produce high
quality/low cost spunlaced fabrics with DuPont's strong marketing
skills and world-wide technological leadership in nonwovens.
Beijing Dayuan began in 1991 with a thermal bond business.Its spunlace
line started up in 1994 and was upgraded for capacity and quality in
1996.It is regarded by experts as the highest quality spunlace
manufacturing line in the Asia-Pacific region. In 1997, the Beijing
Dayuan facility became the first Chinese major nonwovens manufacturer
to receive ISO 9000 series certification.