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Chemical Week Magazine :: Business & Finance :: United States/Americas
US indicts Kolon Industries for theft of trade secrets
8:23 AM MDT | October 26, 2012 | â€”Kara SisselL
The US Department of Justice says a grand jury has indicted South Koreaâ€™s Kolon Industries and five of its executives for criminal trade secrets theft. At issue is the alleged theft by Kolon of trade secretes related to DuPontâ€™s para-aramid fiber, used to make DuPont products sold under the Kevlar brand. The case is separate from a civil suit filed by DuPont against Kolon. In the civil case, a jury last year awarded DuPont $919 million in compensatory damages and DuPont is seeking a 20-year injunction barring Kolon from manufacturing or selling products...
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