Home / Knowledge / News / Textiles / Kolon charged with stealing DuPont's Kevlar secrets
Kolon charged with stealing DuPont's Kevlar secrets
23
Oct '12
Kolon Industries Inc. and several of its executives and employees have been indicted for allegedly engaging in a multi-year campaign to steal trade secrets related to DuPont’s Kevlar para-aramid fiber and Teijin Limited’s Twaron para-aramid fiber.  The indictment seeks forfeiture of at least $225 million in proceeds from the alleged theft of trade secrets from Kolon’s competitors.

The charges were announced by U.S. Attorney for the Eastern District of Virginia Neil H. MacBride; Assistant Attorney General Lanny A. Breuer of the Justice Department’s Criminal Division; and Jeffrey C. Mazanec, Special Agent in Charge of the FBI’s Richmond Field Office.
 
“Kolon is accused of engaging in a massive industrial espionage campaign that allowed it to bring Heracron quickly to the market and compete directly with Kevlar,” said U.S. Attorney MacBride.  “This country’s greatest asset is the innovation and the ingenuity and creativity of the American people.  The genius of free enterprise is that companies compete on the excellence of their ideas, products and services – not on theft.  This indictment should send a strong message to companies located in the United States and around the world that industrial espionage is not a business strategy.”
 
“By allegedly conspiring to steal DuPont’s and Teijin’s intellectual property, Kolon threatened to undermine an economic engine at both companies,” said Assistant Attorney General Breuer. “Developing Kevlar and Twaron was resource-intensive work, and required strategic investment and ingenuity.  Kolon, through its executives and employees, allegedly acted brazenly to profit off the backs of others. The Justice Department has made fighting intellectual property crime a top priority, and we will continue to aggressively prosecute IP crimes all over the country.” 
 
“It’s critical that law enforcement aggressively investigate crimes of intellectual property theft, such as this one,” said FBI Special Agent in Charge Mazanec.  “If not, intellectual creativity and our economy will be compromised.  As a member of the Department of Justice Task Force on Intellectual Property, our office will investigate any company, domestic or international, that steals confidential proprietary information for their own benefit.  We will pursue those that prey on the originality and vision of hardworking businesses who conduct their own research, obtain patents and market a successful product.” 
 
Click here to read more details:

 

by U.S. Attorney for the Eastern District of Virginia


Must ReadView All

Textiles | On 2nd May 2016

Maharashtra to develop Amravati as textile city

For years, Amravati in Mahasrashtra has been infamous for farmers’...

Cité de la Mode et du Design, Spinexpo's Paris venue.

Textiles | On 2nd May 2016

Spinexpo expands in Europe with debut fair in Paris

Spinexpo, an international trade exhibition for fibres, yarns,...

Apparel/Garments | On 2nd May 2016

UK online delivery volumes match IMRG Q1forecast

Online retail delivery volumes were up 12.7 per cent year-on-year in...

Interviews View All

Loretta Kiss
Blushandbloom.com

How do you rate the demand for maternity clothes in the fashion sector?...

Paolo Briatore
INVISTA India Sales & Services Ltd.

How do you find the market for intimate wear in India as compared to the...

Walter Roggenstein
Kelheim Fibres GmbH

What technological innovations are taking place in the specialty fibres...

Paige Mullis
Glen Raven Inc

<i><b>Paige Mullis</b> discusses the expansion plans of Glen Raven Inc in...

Steve Cole
Xerium Technologies

<b><i>Steve Cole of Xerium Technologies discusses the industry. Xerium is...

Mr. Johan Berlin
Investkonsult Sweden AB

Mr. Johan Berlin is the majority shareholder and Managing Director of...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
April 2016

F2F Magazine

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


<%@ language="VBScript" %>
feedback
We would love to hear from you about your experience using the new interface. A quick review of yours would help us give you a better experience.
Advanced Search