Sep 3 2008
Chemical giant DuPont said Monday it plans to expand global production capacity for its Tedlar films designed for the solar power market.
The expansion will more than double the current global production capacity of Tedlar and is tentatively scheduled to start in late 2009, the company said. The expansion would be the company's largest capital investment in the product.
"The photovoltaic industry is in the midst of a substantial surge globally, and the demand for solar energy continues to increase," Cynthia C. Green, vice president and general manager for DuPont (nyse: DD - news - people ) Fluoroproducts, said in a statement.
Tedlar films have been a component in photovoltaic backsheets for more than 25 years, according to DuPont.
Shares of DuPont rose $1.94, or 4.4 percent, to $46.38 in morning trading. The stock has ranged from $40.43 to $52.49 over the past year.
For more information on solar energy, click here.