DuPont Statement on Injunction Against Kolon Industries

DuPont DD issued the following statement after a ruling yesterday by the U.S. Federal Court in Richmond, Va., ordering Kolon Industries to stop producing and selling their Heracron® aramid fiber: "The injunction, coming on the heels of DuPont's $920 million damages award from last September, reaffirms what was already clear:  that Kolon Industries willfully and maliciously misappropriated DuPont's proprietary Kevlar® technology," said Thomas L. Sager, DuPont senior vice president and general counsel.  "The trial court ordered Kolon to not produce, market or sell any para-aramid fiber products, worldwide, for 20 years; it also permanently enjoined Kolon from using any of the trade secrets it stole from DuPont.  Additionally, Kolon has until Oct. 1 to remove and return DuPont's trade secrets or face contempt proceedings.  "In so ruling, the court found Kolon's conduct to be 'brazen,' adding that 'Kolon's conduct shows a complete disregard for DuPont's trade secret rights and a disregard for the law that protects such secrets.'  At Kolon, the judge held, misappropriation of DuPont's trade secrets was 'a matter of corporate policy.'  A full See full press release