DuPont’s (DD) business unit – DuPont Protection Technologies – recently stated that DuPont Kevlar used in mining conveyor belts has proved to reduce maintenance costs and raise productivity. A field trial conducted by Plants Management of the Andina Division on a leading copper mining company Codelco (National Copper Corporation of Chile) showed that the technology has helped increase productivity by over 18% while lowering maintenance costs by 60%.
DuPont Kevlar aramid fiber, developed in 1965, is used to make a variety of clothing, accessories and equipment such as ballistic and, cut and stab resistant body armors. Being lightweight and extraordinarily strong, the material is highly suitable for harsh climate.
Conveyor belts made from DuPont Kevlar fiber can endure the harsh condition in mines and raise throughput. It also provides easy installations of belts as it fits pulley of any size without retrofit. Kevlar Belts are flexible and lightweight helping them to run at high speeds without sliding off thus increasing productivity up to 3,000 tons per day.
Additionally, these belts come with energy calculators which can record energy consumption and thereby save power. Moreover, belts made of Kevlar require very less maintenance and thus save costs.
Dare Bigger – the latest brand platform for Kevlar – is an inspiration for people relying on safety and performance of Kevlar fiber. Products made with Kevlar have helped in saving lives of many people across the globe. The technology and science involved in the products feature strength and durability supporting users to dream big and cross limits. Thus, from astronauts to athletes to industrial workers, products of Kevlar help in realizing their dreams to “Dare Bigger”.
DuPont strives to serve a pivotal role in various sectors such as industries, aerospace and sports to name a few. The company is, in fact, a sponsor of the ESPN X Games.
DuPont currently has a Zacks Rank #3 (Hold).
Better-ranked stocks worth considering in the chemical space include LyondellBasell Industries N.V. (LYB), Akzo Nobel NV (AKZOY) and PPG Industries Inc. (PPG). While LyondellBasell carries a Zacks Rank #1 (Strong Buy), Akzo Nobel and PPG have a Zacks Rank #2 (Buy).
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