Native name | 코오롱인더스트리 |
---|---|
Company type | Public company |
Industry | Industrial materials
|
Founded | April 12, 1957 Daegu, South Korea |
Headquarters | |
Revenue | 3,905,572,000,000 Won [1] (2014) |
Total assets | 3,537,038,000,000 Won [1] (2014) |
Website | English website |
Kolon Industries is a Korean chemical and textile manufacturing company. It was founded in 1957 as Korea Nylon Inc., an early manufacturer in the Korean nylon industry. [2] It has since expanded to produce chemicals, other materials and fashion. [3] In 2015 Kolon Industries opened a shopping mall built with shipping containers, the first of its kind in South Korea. [4] It has a US subsidiary, Kolon USA Inc., selling polyester film and nylon film. [5]
Kolon Industries was the defendant in the lawsuit DuPont v. Kolon Industries, about the alleged theft of trade secrets concerning Kevlar. The lawsuit was settled in 2015, with damages of US$275 million being paid to DuPont. The company also pleaded guilty to a federal charge of conspiracy to convert trade secrets, for which they will pay $85 million in criminal fines. [6] [7]
Kevlar (para-aramid) is a strong, heat-resistant synthetic fiber, related to other aramids such as Nomex and Technora. Developed by Stephanie Kwolek at DuPont in 1965, the high-strength material was first used commercially in the early 1970s as a replacement for steel in racing tires. It is typically spun into ropes or fabric sheets that can be used as such, or as an ingredient in composite material components.
Nylon is a family of synthetic polymers with amide backbones, usually linking aliphatic or semi-aromatic groups.
Trade secrets are a type of intellectual property that includes formulas, practices, processes, designs, instruments, patterns, or compilations of information that have inherent economic value because they are not generally known or readily ascertainable by others, and which the owner takes reasonable measures to keep secret. Intellectual property law gives the owner of a trade secret the right to restrict others from disclosing it.
Synthetic fibers or synthetic fibres are fibers made by humans through chemical synthesis, as opposed to natural fibers that are directly derived from living organisms, such as plants or fur from animals. They are the result of extensive research by scientists to replicate naturally occurring animal and plant fibers. In general, synthetic fibers are created by extruding fiber-forming materials through spinnerets, forming a fiber. These are called synthetic or artificial fibers. The word polymer comes from a Greek prefix "poly" which means "many" and suffix "mer" which means "single units"..
Aramid fibers, short for aromatic polyamide, are a class of heat-resistant and strong synthetic fibers. They are used in aerospace and military applications, for ballistic-rated body armor fabric and ballistic composites, in marine cordage, marine hull reinforcement, as an asbestos substitute, and in various lightweight consumer items ranging from phone cases to tennis rackets.
The Dow Chemical Company is an American multinational corporation headquartered in Midland, Michigan, United States. The company is among the three largest chemical producers in the world. It is the operating subsidiary of Dow Inc., a publicly traded holding company incorporated under Delaware law.
Stephanie Louise Kwolek was a Polish-American chemist who is known for inventing Kevlar. Her career at the DuPont company spanned more than 40 years. She discovered the first of a family of synthetic fibers of exceptional strength and stiffness: poly-paraphenylene terephthalamide.
Hanjin Shipping Co., Ltd. was a South Korean logistics and container transport company. Hanjin Shipping was South Korea's largest container line and one of the world's top ten container carriers in terms of capacity.
Invista, headquartered in Wichita, Kansas, United States, is a fiber, resin and intermediates company. It has about 10,000 employees in over 20 countries worldwide. The predecessor DuPont Textiles and Interiors was formed from DuPont's textile fibers division in February 2003. The company was given the trademarked name INVISTA and was then sold to privately owned Koch Industries on April 30, 2004 for US$4.2 billion. Koch Industries combined the newly acquired organization with their KoSa subsidiary to complete the INVISTA company.
Sailcloth is cloth used to make sails. It can be made of a variety of materials, including natural fibers such as flax, hemp, or cotton in various forms of sail canvas, and synthetic fibers such as nylon, polyester, aramids, and carbon fibers in various woven, spun, and molded textiles.
Toray Industries, Inc. is a multinational corporation headquartered in Japan that specializes in industrial products centered on technologies in organic synthetic chemistry, polymer chemistry, and biochemistry.
Dow AgroSciences LLC was a wholly owned subsidiary of the Dow Chemical Company specializing in not only agricultural chemicals such as pesticides, but also seeds and biotechnology solutions. The company was based in Indianapolis, Indiana, in the United States. On 31 January 2006, Dow AgroSciences announced that it had received regulatory approval for the world's first plant-cell-produced vaccine against Newcastle disease virus from USDA Center for Veterinary Biologics. Dow AgroSciences operates brand names such as Sentricon, Vikane, Mycogen®, SmartStax®, Enlist™, Pfister Seed®, PhytoGen®, Prairie Brand Seed®, Alforex Seeds®, Profume, Dairyland Seed®, and Brodbeck Seed®.
The DuPont Experimental Station is the largest research and development facility of DuPont, located on the banks of the Brandywine Creek in Wilmington, Delaware
Technora is an aramid that is useful for a variety of applications that require a lot of high strength or chemical resistance. It is a brand name of the company Teijin Aramid.
Artificial silk or art silk is any synthetic fiber which resembles silk, but typically costs less to produce. Frequently, "artificial silk" is just a synonym for rayon. When made out of bamboo viscose it is also sometimes called bamboo silk.
DuPont v. Kolon Industries is an intellectual property lawsuit centering on the allegation that Kolon Industries, a South Korea-based company, stole trade secrets concerning the production and marketing of Kevlar from DuPont, an American chemical company. Kevlar is a high strength synthetic fiber used in applications as diverse as bicycle tires and body armor. On September 14, 2011, a jury found in favour of DuPont and awarded damages of $919.9 million. A 2015 settlement reduced the damages to $275 million.
The Chemours Company is an American chemical company that was founded in July 2015 as a spin-off from DuPont. It has its corporate headquarters in Wilmington, Delaware, United States. Chemours is the manufacturer of Teflon, the brand name of polytetrafluoroethylene (PTFE), known for its anti-stick properties. It also produces titanium dioxide and refrigerant gases.
DuPont de Nemours, Inc., commonly shortened to DuPont, is an American multinational chemical company first formed in 1802 by French-American chemist and industrialist Éleuthère Irénée du Pont de Nemours. The company played a major role in the development of Delaware and first arose as a major supplier of gunpowder. DuPont developed many polymers such as Vespel, neoprene, nylon, Corian, Teflon, Mylar, Kapton, Kevlar, Zemdrain, M5 fiber, Nomex, Tyvek, Sorona, Corfam and Lycra in the 20th century, and its scientists developed many chemicals, most notably Freon (chlorofluorocarbons), for the refrigerant industry. It also developed synthetic pigments and paints including ChromaFlair.
Corteva, Inc. is a major American agricultural chemical and seed company that was the agricultural unit of DowDuPont prior to being spun off as an independent public company.