DU PONT NYLON VENTURE BREAKS GROUND IN TAIWAN

DU PONT NYLON VENTURE BREAKS GROUND IN TAIWAN

Construction has started on a $100 million Du Pont nylon plant in Taiwan, the company's second big investment there and part of its plan to expand investment in the region.

The plant will produce nylon 6,6 fiber, a material used in many garments.The project, covering eight acres, is a 50-50 joint venture between E.I. du Pont de Nemours & Co. of Wilmington, Del., and Far East Textile Co. It is due to begin operations late next year.

"This is the biggest foreign investment we have approved in recent years. It will help develop the domestic nylon-fiber industry," a spokesman for government's Investment Commission said when approval was given early last year.

Du Pont said at the time that it would continue with feasibility and other studies before proceeding.

Having decided to go ahead, Dave Coleleugh, vice president and general manager of Tokyo-based Du Pont Nylon Asia Pacific, described the project as ''key to Du Pont's strategy to expand in the growing apparel market in Taiwan and Asia."

Far East Textile is a leading polyester-fiber and garment manufacturer in Taiwan. Its parent, the Far Eastern Group, is among the five largest conglomerates on the island, with interests in banking, cement, retailing and shipping.

The nylon plant is being built at the Kuanyin industrial park in the northern county of Taoyuan, 20 miles south of Taipei. Du Pont has a wholly owned titanium-dioxide plant in the park with annual capacity of 60,000 metric tons, the largest in Asia.