DuPont Mobility & Materials, part of US-based chemicals giant DuPont, has announced plans to invest $5m in its production facilities in Germany and Switzerland. The new investment will be used to increase capacity for the company’s high-performance automotive adhesives and support growing demand for advanced mobility solutions for vehicle electrification.
“As we see continued recovery of the global automotive market, we are closely collaborating with our customers in Europe to deliver innovative advanced mobility solutions to meet their business needs,” said Tina Wu, vice-president of advanced solutions at DuPont Mobility & Materials, in a press release. “This investment reinforces our commitment to increase capacity and accelerate growth in hybrid and fully electric vehicles.”
Naomi Davies is an FDI consultant at Investment Monitor, with expertise in location benchmarking and cross-border investment.