History and Strategy

An explosive beginning
E.I. du Pont de Nemours and Company was founded in 1802 on the banks of the Brandywine River near Wilmington, Delaware in the US. The company began life as a partnership in gunpowder and explosives, becoming the nation
s largest gunpowder manufacturer by 1811. When the company was incorporated in 1902, it controlled 36% of the US powder market. By 1905 it held a 75% share. DuPont alone was responsible for 56% of the national production of explosives and, with $60 million in estimated assets had become one of the nations largest corporations. The company was so dominant that in 1907 the US government initiated anti-trust proceedings it. In 1912 the company was deemed a gunpowder monopoly and was ordered to divest itself of a substantial portion of its business. Despite having been streamlined, DuPont still managed to supply 40% of all explosives shot by the Allied forces during World War 1 (1.5 billion lbs).

DuPont gradually diversified into other areas of business, besides explosives, in the early part of the 20th century. The experiments of the company
s chemists with a product known as guncotton, an early form of nitroglycerine, led to its involvement in the textile industry. After the end of World War 1, the peacetime use of artificial fibres proved to be more profitable than explosives. In the 1920s DuPont acquired the rights to make cellophane from a French company. Researchers from DuPont managed to produce moisture-proof cellophane, transforming it from a decorative wrap to a packaging material for food and other products. The 1920s also saw DuPont acquire General Motors, and enter into a 50-50 joint venture with Standard Oil (now known as Exxon) to produce and market the lead additive in petrol (known as ethyl). The new company was called the Ethyl Corporation..

Economically, the company
s most important discovery was Nylon. This product was first created in 1930, by a polymer research group headed by Wallace H. Carothers. A large number of synthetic products followed. These included Lucite (a clear, tough plastic resin), Teflon (a resin used in non-stick cookware), Butacite PVB interlayer (a plastic used in automotive safety glass) and CFCs.

The 2nd World War - making a killing (again)
World War 2 brought even more profits for DuPont. Over the course of the war the company produced 4.5 billion pounds of military explosives.The company was also heavily involved in weapons research, making major contributions to the development of plastic and other forms of explosives, gun and rocket propellants, and chemical warfare. From 1941 -1945 DuPont contributed to the top secret Manhattan Project that was to produce the bombs that devastated Hiroshima and Nagasaki. The company was also the principal mass producer of plutonium in the US, having designed, built and operated the world
s first plutonium production plant, the Hanford plant in Washington, at the request of the federal government. It also designed, built and operated the Oak Ridge pilot plant in Tennessee. During the war DuPont managed a total of 25 US government plants, manufacturing mainly explosives, methanol, ammonia and neoprene rubber. DuPont profited immensely from the war, emerging from the fighting with a cash fund exceeding $196 million.

1945-1980: the rise and fall of fibres
The post-war years brought further discoveries for DuPont, including Mylar (a strong plastic film), Dacron polyester, Orlon (a bulky acrylic fibre) and Lycra. The company quickly became known as the world
s most proficient synthesiser, and the range of textiles it supplied reoriented the whole synthetics industry.

The company faired extremely well, on the back of its discoveries, until the 1970s when the fibres industry stagnated from overcapacity. DuPont
s stream of discoveries had fostered the companys over-dependence on fibres, without the company looking elsewhere for new products. When the demand for fibres collapsed in the mid 1970s, DuPont was in trouble.

Instead of attempting to diversify, the company concentrated on repairing its old business. DuPont
s rebuilding efforts were hindered by its reduced commitment to research and development however. The companys continued reliance on fibres caused it to be one of the worst hit chemical companies in the 1980 recession.

Diversification in the early 1980s
Since DuPont was completely reliant on petrochemicals to produce the vast majority of its products, in 1981 t
he company purchased the petroleum company Conoco. The merger, which was the largest in history at the time, protected DuPont from the rise in crude oil prices, giving the company a competitive advantage. The move also helped secure DuPonts position as one of the worst air polluters in the US.

In the 1980s DuPont began to reduce its dependence on synthetic fibres, beginning with the purchase of
Remington Arms (a manufacturer of sporting firearms and ammunition). The Remington Arms unit of DuPont made several multimillion-dollar contracts with the army to operate government owned plants, bringing the company greater financial security. Other purchases in the 1980s included the New England Nuclear Corporation, a leading manufacturer of radioactive chemicals for medical research and diagnosis.

The 1980s also saw DuPont branch out into the life sciences. The company began to delve into the development and production of biomedical products and agricultural chemicals and in 1982 purchased the agri-chemicals division of SEPIC. In addition to mergers and acquisitions, DuPont became heavily involved with joint ventures.

Maximising profits in the late 1980s
After the acquisition spree of the early 1980s, in the late 1980s management decided to return to its former policy of focussing on areas of maximum profit. The company began moving away from commodity production, instead concentrating on oil, healthcare, electronics and speciality chemicals.

The early 1990s - further streamlining
The onset of the Gulf War drove up oil prices and refinery margins leading to profits of over $1 billion for Conoco in 1990. However, a worldwide recession was hurting most of the rest of the company. The same year, DuPont entered into a
pharmaceutical joint venture with Merck. DuPont later acquired Mercks share of the venture in 1998.

Throughout the 1990s DuPont continued to streamline itself, shedding its unprofitable businesses and getting rid of 36,000 of its employees. In 1993 the company
sold its Remington Arms business. It also sold its acrylic business to ICI and in turn bought ICIs nylon business and later its worldwide polyester films, resins and intermediates business. By acquiring the ICI polyester technology DuPont could make plastic bottles, unfortunately a growing market, for less than anyone else in the world. The company also increased its marketing of synthetic fibres, finding new uses for its Lycra, Tyvek and Kevlar products.

DuPont accelerated the globalisation of the textile industry in the mid 1990s, taking advantage of the cheap labour and lax environmental standards in the developing world. The company set up joint ventures to manufacture Lycra in China and nylon in India, Brazil and Mexico.

The late 1990s - DuPont goes GM
DuPont reaffirmed its commitment to the life sciences as a core business area in the late 1990s. The company saw the bioindustrial, pharmaceutical and feed and food industries as potential areas for the increasing integration of chemistry and biotechnology. In 1997 DuPont acquired an interest in Pioneer Hi-Bred International, the world
s largest seed company. The company also acquired Protein Technologies International, a leading supplier of soya proteins. In 1999 DuPont shed its Conoco subsidiary, using the money to invest in its growing biotech business by assuming 100% ownership of Pioneer.

The year 2000 saw DuPont produce the polymer Sorona. Although petrochemical derived, DuPont scientists hope to be able to produce plant-based Sorona fibres. It appears that DuPont is hoping to move into producing genetically modified plant-based fibres as an
environmentally friendlyalternative to synthetic fibres.

In 2001 DuPont announced it would
sell its pharmaceutical business to Bristol Myers Squibb. The company continued to streamline its workforce, shedding a further 14,000 staff through restructuring and sell offs.


From the time people brush their teeth in the morning using a toothbrush with DuPont Tynex nylon bristles, to the time they go to sleep at night with a pillow filled with DuPont Qualifol polyester, DuPont products have become an essential part of daily life.
DuPont is a company that is difficult to boycott in the developed world, producing everything from plastic bottles to seeds and textiles. The company currently owns over 20,000 worldwide patents and over 14,000 worldwide patent applications. In 2001, the company was granted almost 500 U.S. patents and over 1,800 international patents. The company also has over 2,100 unique trademarks for its products and services and has over 23,000 worldwide registrations and applications for these trademarks.

Some of the company
s more well known brands include Teflon resins, SilverStone non-stick finish, Lycra brand spandex fibre, Stainmaster stain-resistant carpet, Antron carpet fibre, Dacron polyester fibre, Kevlar brand fibre, Corian solid surface material, Mylar polyester films, Tyvek brand protective material, and Coolmax and Cordura textile fibres. The company also manufactures Solae soy protein which can be found in a number of foodstuffs marketed by other companies, such as So Good soy milk.
This year the company underwent a restructuring that consolidated its eight business units into six. These segments produce coatings (automotive finishes and coatings), crop protection chemicals and genetically modified seeds, electronic materials (LCDs, sensors, and flurochemicals), polymers and resins for packaging and other uses, and safety and security materials and chemicals. The least profitable of DuPont's six segments, Textiles & Interiors (nylon and polyester fibres and intermediates, including the Lycra and Stainmaster brands), could be spun off as a separate company.


Statement by Archie W. Dunham Regarding Conoco Split-off from DuPont

Conoco President and CEO Archie W. Dunham issued the following statement regarding the completion of Conocos split-off from DuPont:

This is the most important day in Conocos 124-year history. We are now a large independent, global energy company and a formidable competitor around the world. On behalf of Conocos 15,000 employees, I thank DuPont for their excellent stewardship of our company.

Looking forward, our intent is to grow, significantly increase shareholder value and get to the future first.’”

Conoco is a major, integrated energy company based in Houston and active in 40 countries.

DuPont Buys Conoco:1981

When DuPont bought petroleum manufacturer Conoco, Inc. in 1981, it was the largest merger in corporate history. The purchase gave DuPont a secure source of petroleum feedstocks needed for many of its fiber and plastics operations. Conoco also manufactured profitable commercial petroleum products and coal, produced by the wholly owned subsidiary Consolidated Coal Company. DuPont sold all of its Conoco shares in 1999 in order to free up capital for investment in other businesses.

2003/3/6 デュポン

米国デュポン社エンジニアリング・ポリマー事業部は、3月5日イーストマン・ケミカル・カンパニー社より、高機能結晶性プラスチック事業を取得したことを現地において二社合同で発表しました。 このビジネス・セグメントには、イーストマン社の液晶ポリマー(LCP)樹脂タイタン
TM(TitanTM) 、ポリシクロへキシレン・ジメチレン・テレフタレート(PCT)樹脂サーミックス®(Thermx®)、および自動車、電気・電子、その他の産業で使用される強化PET樹脂、熱可塑性ポリエステル樹脂のサーミックス®EG (Thermx® EG)シリーズが含まれます。


「デュポン社は主に自動車産業、および電気・電子産業界に進出している。この取得により、当社が現在これら産業界に提供している製品がさらに強化される。これらのビジネスは当社の業務運営に迅速かつ全面的に統合されるだろう」、と米国デュポン社エンジニアリング・ポリマー事業部の副社長兼ゼネラル・マネージャー であるテリー・カロギリス(Terry Caloghiris)氏は語っています。 「同時に、高機能材料の用途では耐熱性および寸法安定性に対する要求が高まる一方であるが、この取得により、高機能材料に関する顧客の要求を一層満足させる能力がデュポンに備わった。」と述べています。

イーストマン社の特殊プラスチック部門総本部長であるフィリップ・グリスウォルド氏(Dr. Phillip Griswold)は、「イーストマン社の高耐熱結晶性樹脂ビジネスは功績をあげてきた」「当社は優れた技術を持つが、これらの製品がさらに成長する最大のチャンスのある市場での浸透度はあまり高くない。 資源を全面的に市場力の強い分野に集中させる事が当社の戦略である。 当社はアモルファス・コポリマーやセルロースを提供している医療、耐久消費財、消費者向けおよび特殊包装市場への集中を考えている。」と述べています。
イーストマン 社は引き続きサーミックス®ビジネス用のPCTポリマーを供給するという意向を グリスウォルド氏は示しています。 「これらの物質は高温下における耐性で知られており、自動車や電子機器での使用ではこの点が非常に重要である」、とグリスウォルド氏は述べています。


タイタン®LCPはデュポン ゼナイト®LCP 関連製品に統合される。 これによりデュポン社は衝撃強度とウエルド強度が必要な用途で、液晶ポリマーを使用する顧客のニーズに見合う製品強化が可能になる。
サーミックス®PCTはデュポン社にとって特に新規の製品ラインとなり、熱可塑性ポリエステルの寸法安定性を求められる用途で、耐熱性を発揮する。これらの特質は 表面実装電子回路盤製造やその他の電子機器のアプリケーションで有用であるサーミックス®PCTはデュポン社提供のLCPや ザイテル® HTN 高温ポリアミドを補強する。 この製品の異型に当たるサーミックス® PCTA は、一般消費者向け食品接触用途への使用に関するFDAの認可を得ている。
サーミックス® EGシリーズのPETポリエステル樹脂は、デュポン社系列のライナイト®熱可塑性ポリエステル樹脂に統合する。 ライナイト®は自動車、電気・電子、電化製品、その他の産業において、高熱・高湿度下における寸法安定性で知られている。

イーストマン・ケミカル・カンパニー社は化学製品、繊維、およびプラスチックの製造・販売会社です。 本社はテネシー州キングズポートに置き、世界30ヶ国以上におよそ15800人の従業員を持ち、2002年の売り上げは約$5.3百万です。 イーストマン社および製品に関する詳細については、www.eastman.com をご参照ください。


2003/4/14 DuPont

DuPont in Negotiations With Third Party On Possible Sale of DuPont Textiles & Interiors

DuPont today announced that it is in negotiations with a third party regarding the possible sale of
DuPont Textiles & Interiors (DTI). This disclosure is required to be included in the offering circular for DuPont's tender offer for the 24 percent of DuPont Canada stock that it does not already own. The offering circular will be issued April 17.

Since the negotiations are in their preliminary stages, DuPont did not disclose the name of the third party and will not provide any other information at this time. There can be no assurance that any such sale efforts will be successful or, if successful, of the terms, conditions and timing of any potential transaction.

DuPont continues to consider all options to separate DTI, including an Initial Public Offering (IPO). In February 2002
DuPont announced its intent to separate DTI by the end of 2003, market conditions permitting. All activities required to execute such a transaction remain on their scheduled timeline.

On Feb. 1, 2003, DTI became a wholly owned subsidiary of DuPont. On March 19, 2003, DuPont announced its intent to make a tender offer for the 24 percent of the shares of DuPont Canada that it does not already own. DTI comprises a substantial portion of DuPont Canada's business and operations.

DuPont is a science company. Founded in 1802, DuPont puts science to work by solving problems and creating solutions that make people's lives better, safer and easier. Operating in more than 70 countries, the company offers a wide range of products and services to markets including agriculture, nutrition, electronics, communications, safety and protection, home and construction, transportation and apparel.

DuPont Textiles & Interiors

DuPont Apparel & Textile Sciences
  Lycra® Brand Fiber(ポリウレタン弾性繊維), Terathane® Intermediates
DuPont Nylon
  DuPont Flooring, Intermediates, Specialties & Polymer
DuPont Polyester
  Fibers, Resins & Intermediates

February 11, 2002 DuPont

DuPont Aligns Businesses By Markets, Technologies; Forms Textiles & Interiors Subsidiary

Taking the next step in its transformation to a sustainable growth company, DuPont today announced the alignment of its businesses in five market- and technology- focused growth platforms and the creation of a Textiles and Interiors subsidiary.

The growth platforms are: DuPont Electronic & Communication Technologies; DuPont Performance Materials; DuPont Coatings & Color Technologies; DuPont Safety & Protection; and DuPont Agriculture & Nutrition.

"Consistent with our long-term strategy and direction, our growth platforms will be more tightly focused on markets and technologies. This will enable faster execution and improved capability for innovation and shareholder value creation," said DuPont Chairman and CEO Charles O. Holliday, Jr.

The new wholly owned subsidiary, called DuPont Textiles & Interiors, will include the nylon fibers, polyester fibers and LycraR brand fiber businesses, plus their intermediates and joint ventures. DuPont will consider a full range of options for DuPont Textiles & Interiors, including an Initial Public Offering (IPO), with the ultimate intent of separation by year-end 2003, market conditions permitting. The company has engaged Morgan Stanley to assist in the evaluation process.

"A company can operate successfully for 200 years only by continually reinventing itself," Holliday said. "DuPont people in all of our businesses know this is key to a strong future. Each of the five growth platforms has the critical mass to pursue our strategies of integrated science, knowledge intensity and productivity improvement while capitalizing on strong market positions, quality products and powerful brands. At the same time, our new Textiles & Interiors subsidiary will have the scale, global reach and flexibility to be highly successful in an industry undergoing fundamental structural change."

DuPont Textiles & Interiors will be the world's largest integrated fibers company with annual segment sales estimated at $6.5 billion. This represents about 23 percent of 2001 total DuPont Company segment sales, which includes transfers and the company's pro rata share of sales by equity affiliates. The subsidiary will be structured to grow shareholder value by aligning resources with market opportunity and establishing an industry-competitive cost structure.

As the global leader in product categories representing 75 percent of its revenue, DuPont Textiles & Interiors will have significant cash and earnings growth potential based on growth in key branded platforms such as LycraR brand fiber, StainmasterR carpet and AntronR nylon carpet, significant cost reduction opportunities, a robust innovation pipeline and strong market channel access

DuPont Textiles & Interiors will be led by DuPont Executive Vice President and Chief Operating Officer Richard R. Goodmanson and an experienced team including Group Vice Presidents Steven R. McCracken and George F. MacCormack.

"Our nylon, polyester and LycraR businesses have played a very important role in DuPont for many decades," Holliday said. "They have served our company, our shareholders and our customers extremely well. Now, with rapidly changing industry dynamics and tough market realities, we believe the course we have chosen is necessary to allow them to succeed in the future."

Concurrent with these actions, DuPont will offset all residual costs from the separation of the DuPont Textiles & Interiors subsidiary by aggressively reducing its cost structure for corporate and support services. This effort will be led by W. Donald Johnson, Group Vice President ? Operations & Services.

Each of the five growth platforms has strong capabilities, large market opportunities and leadership focus and accountability. A priority will be to leverage across the platforms as needed for market access and technology extension.

The five growth platforms are:
DuPont Electronic & Communication Technologies. With about $2.7 billion in segment sales, this group is a world leader in electronic materials. It has the ability to capitalize on development of innovative technologies that improve the form and functionality of electronic components in a wide range of applications for the information and communications industries. The group comprises DuPont Electronic Technologies; DuPont Displays Technologies; DuPont Imaging Technologies; and DuPont Fluoroproducts, which includes fluoropolymers, fluorochemicals and fuel cells. These businesses will be led by Diane H. Gulyas, currently vice president & general manager ? DuPont Advanced Fiber Systems, who will become Group Vice President.
DuPont Performance Materials. With segment sales of about $4.7 billion, this group will focus on high-performance materials substitution in areas where DuPont has a unique advantage. It comprises DuPont Engineering Polymers, including ZytelR nylon resins; DuPont Packaging $ Industrial Polymers; and DuPont's interests in the DuPont Dow Elastomers and DuPont Teijin Films joint ventures. Group Vice President Craig G. Naylor will lead these businesses.
DuPont Coatings & Color Technologies. With segment sales of about $4.9 billion, this group of businesses will extend the company's global industry leadership position in coatings and color through superior product development and productivity advances. It includes DuPont Performance Coatings and DuPont White Pigment and Mineral Products. Group Vice President Edward J. Donnelly will lead these businesses.
DuPont Safety & Protection. With segment sales of about $3.6 billion, this group of businesses is well-positioned to address high growth opportunities, capitalizing on the company's unsurpassed capability in safety, security and protection while integrating knowledge and products in solutions-based offerings. It includes DuPont Safety Resources; DuPont Advanced Fiber Systems; DuPont Nonwovens; the DuPont Chemical Solutions Enterprise; and DuPont Surfaces. These businesses will be led by Group Vice President Ellen J. Kullman.
DuPont Agriculture & Nutrition. With segment sales of about $4.3 billion, this business group will leverage DuPont strengths in crop protection chemicals, seeds, biotechnology, food ingredients and safety to provide solutions for growers and the global food industry. It comprises DuPont Crop Protection; Pioneer Hi-Bred International Inc.; and DuPont Nutrition & Health, which includes DuPont Protein Technologies and DuPont Qualicon, Inc. These businesses will be led by Group Vice President Howard L. Minigh.

The five growth platform leaders will report to John C. Hodgson, currently Group Vice President, who is appointed Executive Vice President. DuPont external financial reporting will be realigned to reflect the new management structure. Estimated sales data shown above are based on 2001 segment sales.

During 2002, DuPont is celebrating its 200th year of scientific achievement and innovation ? providing products and services that improve the lives of people everywhere. Based in Wilmington, Del., DuPont delivers science-based solutions for markets that make a difference in people's lives in food and nutrition; health care; apparel; home and construction; electronics; and transportation.

DuPont Canada

DuPont Canada Inc., whose business origins in Canada date to 1877, is a diversified science company. The wide range of products sold includes nylon industrial yarn, synthetic fibers, polymer resins, packaging films, automotive finishes, crop protection products, and industrial chemicals. We sell to approximately 3,000 customers in Canada, the United States and 40 other countries.

Our business is reported in five segments: Nylon Enterprise (35 per cent of total sales), Performance Coatings and Polymers (23 per cent of sales), Specialty Fibres (10 per cent of sales), Specialty Materials (14 per cent of sales), and Specialty Polymers and Films (18 per cent of sales).

DuPont Canada has manufacturing plants and sales offices in Ontario (Ajax, Sarnia, Kingston, Maitland, Mississauga and Whitby); Quebec (Thetford Mines); and British Columbia (Vancouver) from our interest in Brookdale International Systems Inc. In 2001, Enhance Packaging Technologies Inc. acquired Prepac of France, a pioneer in liquid packaging systems and equipment. And, in May of 2002, we added Liqui-Box. Liqui-Box is a pre-eminent leading manufacturer of packaging systems for pumpable food products for institutional applications. The new entity, which will be called Liquid Packaging Systems , a DuPont Canada company, adds 700 new employees and 11 new sites: Ashland, Ohio; Auburn, Massachusetts; Elkton, Maryland; Houston, Texas; Lake Wales, Florida; Ontario and Sacramento, California; Upper Sandusky, Ohio; Worthington, Ohio; Mexico; Romiley, United Kingdom; and Pune, India.

Technology research and development activities are conducted at our Research and Development Centre at Kingston, Ontario, and at most plant sites. DuPont Canada supplements its own technical information and patent rights with those of the global DuPont company of Wilmington, Delaware.

About 76 per cent of the common shares of DuPont Canada are owned by E.I. du Pont de Nemours and Company. The remaining shares are held principally by Canadian investors, including close to 2000 employee shareholders.

2003/8/11 DuPont

DuPont Confirms Negotiations With Koch Industries On Possible Sale of DuPont Textiles & Interiors

DuPont today announced that it is in exclusive negotiations with subsidiaries of Koch Industries Inc., of Wichita, Kansas, regarding the possible sale of DuPont Textiles & Interiors (DTI). The company informed employees today that Koch representatives would be visiting DTI sites as part of the due diligence process.

On April 14 DuPont announced that it was engaged in preliminary negotiations to sell DTI, but did not name Koch.

Given the ongoing nature of the discussions, DuPont said it would not provide any additional information at this time. There can be no assurance that the negotiations will result in an agreement being reached or, if an agreement is reached, of the terms, conditions or timing of any potential transaction. DuPont does not intend to make any further public announcement unless and until a definitive agreement has been signed or discussions have been terminated.

DuPont is a science company. Founded in 1802, DuPont puts science to work by solving problems and creating solutions that make people's lives better, safer and easier. Operating in more than 70 countries, the company offers a wide range of products and services to markets including agriculture, nutrition, electronics, communications, safety and protection, home and construction, transportation and apparel.

2003/7/16 DuPont China

DuPont Performance Coatings to Expand Business in China

DuPont Performance Coatings and Beijing Red Lion Coatings Company Limited, Beijing, have signed agreements forming two automotive coatings joint ventures, one in Beijing and the other in Changchun,
[吉林省]長春, China. Both ventures have received final government approval and will have a share distribution of 60 percent DuPont and 40 percent Red Lion. Operations have already begun.

Through the agreements, DuPont has increased its stake in an existing joint venture and has entered into a second joint venture, both named "
DuPont Red Lion," with the objective of modernizing coatings production to support the Chinese automotive industry with locally manufactured and technically serviced products. The joint capacity of the two joint venture plants will start at 20,000 tons of paint per year. At both sites, production will be supported by laboratories and application facilities to ensure that the products meet the needs of local Chinese customers. Financial terms of the agreements were not disclosed.

"In China, about 1.2 million cars and about 1.5 million commercial vehicles are produced annually. As one of the fastest growing automotive markets in the world, China will play an increasingly important role in our future business plans," said John R. Lewis, vice president - DuPont Performance Coatings Asia Growth Initiatives. "Almost all international automotive manufacturers are planning major investments to increase production in China which already has exhibited stable, double-digit annual growth rates. A major share of this growth will be generated by the Chinese operations of our current global customers such as Volkswagen, Ford Motor Company, General Motors, Citroen, Toyota and Nissan that are seeking reliable local production of high-quality paint systems. These two plants will form the basis for serving our customers and achieving optimum penetration of the Chinese market," Lewis said.

DuPont Red Lion Coatings (Beijing) Co., Ltd.

In the Chinese capital of Beijing, DuPont Red Lion will build a new production site for OEM paints as well as an application center. Following completion, about mid-year 2004, production will be relocated from the present plant in Beijing to the new one. As a result, DuPont Red Lion will have a state-of-the-art plant for the production of automotive coatings, including waterborne products that will be introduced in China in the very near future.

DuPont is increasing its stake in this joint venture with Beijing Red Lion Coatings Company Limited, through acquiring the interests previously held by Akzo Nobel Coatings International B.V.

(* DuPont has increased its stake in Herberts-Akzo-Red Lion Automotive Coatings (Beijing) from 51%, to 60%, by acquiring shares from Akzo Nobel and renamed the business DuPont Red Lion Coatings (Beijing) Co. DuPont acquired its original stake in the jv through the 1999 acquisition of the Herberts coatings business from Hoechst. )

DuPont Red Lion Coatings (Changchun) Co., Ltd.

The Changchun site in the North of China, in the vicinity of First Automotive Works and its joint venture with Volkswagen, is to be expanded and modernized at an incremental cost of $15 million (USD). This investment will enable DuPont Red Lion to supply its customers with coatings that meet the highest international standards for both product quality and technical service.

The joint venture in Changchun, was originally established in 1995 by TOA International Company, Ltd. (Thailand) and Changchun City Paint Factory (CCPF) as "TOA-CPF Paints Co. Ltd." (TCPC). Red Lion acquired the interest of CCPF in 2001. DuPont is acquiring the interests of TOA in the previous venture.

Beijing Red Lion Coatings Company Limited

Red Lion, founded in 1952, is one of China's largest coating producers. Its trademark, Red Lion(TM), is named a "Famous Trademark" by the governing Beijing authority. Red Lion provides a variety of high quality coatings to market and its products are widely used in various industries such as automotive, machinery, sheet steel and buildings.


February 6, 2004 PR Newswire

DuPont Increases Equity Position and Outlines Investment Plans For Automotive Coatings in China

DuPont Performance Coatings has acquired additional equity in its DuPont Red Lion joint ventures in Beijing and Changchun, China, to reinforce its position as the leading coatings supplier to the growing Chinese automotive industry.

With government approvals obtained at year-end 2003, DuPont now has increased its equity position in the
DuPont Red Lion - Beijing joint venture to 76 percent from 60 percent and has renamed it "DuPont Red Lion (Beijing) Company, Limited" (DRBC). The joint venture in Beijing was initially formed in 1992. DuPont also acquired 100 percent ownership of its other DuPont Red Lion joint venture in Changchun, China, by purchasing the remaining 40 percent interest held by Red Lion. The company will be known as "DuPont Performance Coatings - Changchun" (DPCC). The DuPont and Red Lion joint venture in Changchun was initially formed in 1995.

Financial terms of the DuPont joint venture equity increases were not disclosed.

"By increasing our equity position for coatings supply in China, DuPont will be better able to meet the growth objectives of the Chinese automotive industry with the latest technology to meet worldwide expectations for aesthetics, durability and environmental compliance," said Marty M. McQuade, vice president and general manager for the automotive OEM coatings unit of DuPont Performance Coatings, DuPont Herberts Automotive Systems.

"To further strengthen our capabilities in China to provide our customers with world-class services and locally manufactured products, we will use this base to invest further in additional manufacturing and technical service capabilities," McQuade said.

Current coatings manufacturing in Beijing will relocate to new facilities in a Beijing industrial zone, starting operations by the end of 2005. The new facility will include a technical center to allow efficient testing and adaptation of individual coating products to quickly react to customer requirements.

In Changchun, DuPont will upgrade facilities to meet international standards and will increase capacity. The plant is capable of manufacturing a wide variety of modern automotive coatings including water borne coatings. The resin facility provides sufficient capacity to localize supply. The facilities will include a state-of-the-art laboratory and application center.

DuPont has increased the number of experts from Europe and the Americas working within both companies to further train local staff, particularly in technical manufacturing and customer technical service areas, and to accelerate the upgrade and expansion of the production facilities. Currently, more than 500 people are dedicated to provide locally produced coatings products and services in China.

Starting with a license agreement in 1983 to operate coatings production in China, DuPont has steadily developed and grown its business in the country to become a leading manufacturer of high-quality automotive coatings. The company is investing in its capabilities in all automotive production regions of the world in recognition that the industry continues to consolidate on a global scale and is demanding the latest technology.

DuPont is a science company. Founded in 1802, DuPont puts science to work by solving problems and creating solutions that make people's lives better, safer and easier. Operating in more than 70 countries, the company offers a wide range of products and services to markets including agriculture, nutrition, electronics, communications, safety and protection, home and construction, transportation and apparel.

2003/9/24 DuPont

DuPont Fluoroproducts Announces Land Reservation in China
   Sets Stage for Series of Investments Over Next Several Years

DuPont Fluoroproducts and DuPont China Holding Co., Ltd., announced they have signed a land reservation agreement with officials of the Hai Yu Township of the Changshu常熟 Municipality in the Jiangsu province 江蘇省of the People's Republic of China. The agreement supports DuPont's intent to establish a fluorochemical and fluoropolymer manufacturing center in China over the next several years. Total investment could reach $100 million.

The first facility planned for the Changshu site, pending approval and formation of
a joint venture between DuPont and Zhonghao 中浩New Chemical Material Co. Ltd. later this year, will produce HFC refrigerant blends to support the fast-growing air conditioning and refrigeration industry in China. Use of these products, for which DuPont holds global patent rights, will increase globally as the terms of the Montreal Protocol are implemented.

Zhonghao New Chemical Material Co. is
an affiliate of the Shanghai 3F New Materials Co., Ltd., which also is a leading manufacturer of fluoropolymers in China. DuPont says it is exploring with Shanghai 3F opportunities for joint projects to manufacture and source both fluoropolymers and additional fluorochemicals.

"The land reservation agreement in Changshu is a first step in a long term commitment for DuPont Fluoroproducts in China," said Richard J. Angiullo, vice president and general manager for DuPont Fluoroproducts.

"Fluorine-based products deliver unique value to society, whether in the form of safety, environmental stewardship or convenience," said Angiullo. "High-performance products such as low combustible wire insulation, semiconductor or chemical processing equipment, refrigerants and air conditioning coolants, or nonstick coatings for cookware and appliances, will meet essential needs in serving the rapidly growing industrial base in China, as well as delivering value to consumers. We look forward to serving customers with a reliable supply of products and services and to being a member of the community in Changshu."

DuPont is a science company. Founded in 1802, DuPont puts science to work by solving problems and creating solutions that make people's lives better, safer and easier. Operating in more than 70 countries, the company offers a wide range of products and services to markets including agriculture, nutrition, electronics, communications, safety and protection, home and construction, transportation and apparel.

About DuPont Fluoroproducts

Fluoroproducts is a DuPont strategic business unit (SBU) that manufactures and markets high-performance chemicals and polymers worldwide, serving customers in the telecommunications, aerospace, refrigeration, air conditioning, pharmaceutical, automotive, electronics, chemical processing, and housewares markets.

1999 Revenue: About $1.5 billion
Employees: 3,200 worldwide

Major Products and Brands
Major product lines include Suva
® refrigerants, Teflon® and Tefzel®fluoropolymer resins, SilverStone® non-stick finishes, Tedlar® polyvinyl fluoride film, Formacel® blowing agents, Vertrel® cleaning agents, Dymel® propellants, Zyron® electronic gases, and Nafion® membrane products.

2003年9月8日 デュポン

デュポン テキスタイル アンド インテリア、社名を「インビスタ」に変更

 デュポン テキスタイル アンド インテリア(DTI)(米国デュポン社の100%子会社)は、9月4日(米国時間)、社名を「インビスタ」へと変更すると発表しました。今回の社名変更は、親会社からの分離と、明確かつ独立したコーポレート アイデンティティの具体化に向けた、同社の次なる歩みを示すものです。日本においては、9月18日をもってデュポン テキスタイル アンド インテリア ジャパン株式会社からインビスタ ジャパン株式会社に社名を変更する予定です。





 インビスタ アジアのE. アンソニー・タン社長は、「当社では2010年までにアジア地域での売上を倍増させることを目標としています。現在、積極的に投資・成長機会を追求しているところです。すでに計画がいくつか進行中です」と述べています。


 また、新社名にはインビスタの会社の前身とその歴史を踏襲する意味で "Built on Dupont Innovation"(「デュポンの革新をもとに」)を加え、またその将来性が豊かなことを示唆する"Step Forward"(「前進」)という新しいタグラインを使用します。「今後も顧客と連携し、顧客の事業の経済性と製品の性能を向上させ、ブランド力を行使して需要を喚起していきます」、と「インビスタ」ブランドのグローバル・ディレクター、キャロル・ジー氏は述べています。

 コーポレート アイデンティティの責任者であるジー氏はさらに、「1つの考え方としては、インビスタには、本物のスター――顧客および製品ブランド――を輝かせる舞台としての役割がある、と言えます」と付け加えました。

 インビスタは、主に業界の顧客に対して新社名の周知に努め、消費者向け製品のブランド マーケティング キャンペーンを通じてコーポレート アイデンティティを確立していく予定です。インビスタは、B2B(企業対企業)キャンペーンを行い、多様な広告チャンネルを用いて、コーポレート アイデンティティを世界の業界メディアに発信していきます。計画の詳細は後日発表される予定です。

 インビスタという新社名を考案するにあたり、「従業員、顧客、消費者、投資家は、DTIと、世界各地の市場におけるDTIの位置づけをどのように認識しているのか」という点について世界中で綿密な調査を実施しました。新社名の考案プロセスでは600もの候補を挙げ、世界200ヵ国以上で登録商標と社名の調査を行い、47ヵ国で包括的な言語学的・文化的評価を行いました。また「回答者が考えるDTIのコアバリューとは」「回答者が高く評価する変化の機会とは」「DTIの3つの事業領域――アパレル、インテリア/インダストリアル、中間体――に一貫したブランド アイデンティティを持つことの必要性とは」といった点が考慮されました。

 ブランド/コーポレートアイデンティティを専門とする世界最大のコンサルティング会社、エンタープライズIG社(本社:米国ニューヨーク)は、DTIとの緊密な協力の上、インビスタのアイデンティティを構築しました。バンク オブ アメリカ、ロッキード マーティン、ヒルトンなど各社に強力かつ魅力的なアイデンティティを構築してきたエンタープライズIG社は、数々の分析に基づく厳格な開発プロセスを通じてDTIを支援しました。マクラーケン社長は「我々の目標は、各事業に競争的優位をもたらすような形でインビスタのアイデンティティを確立することにありました」と言っています。また、ジー氏は次のように述べています。「エンタープライズIG社は、市場を重視した、真に包括的なプロセスを我々に提示しました。このようなプロセスを通じて、意思決定の強力な基礎が築かれ、『インビスタ』という社名と、"Rings of Innovation"(「技術革新の輪」)というシンボルの選択が、単に創造性を刺激するだけではなく、市場にとっても当社自身にとっても正しい選択であることが確認できました」。

 ジー氏によると、インビスタはすべての外部向けコミュニケーション資料とロゴを刷新し、新しい社名の周知を徹底する予定です。「今後数ヵ月にわたって円滑な移行作業が行えるよう、周到な手続きと時間枠が設定されています。パートナー企業と協力し、当社マーケティング チームが道案内を行います」。インビスタに関する詳細情報は、当社ウェブサイトwww.invista.comでもご覧いただけます。



®、テフロン®、ステインマスター®、アントロン®、クールマックス®、サーモライト®、コーデュラ®、サプレックス®、タクテル®、コンフォレル®、コーフリー®M1、DBE®、 DYTEK®、アジピュア®、テラタン®は米国デュポン社の登録商標です。



2003/11/17 DuPont

DuPont and Koch Subsidiaries Agree On Sale of INVISTA Fibers Unit

DuPont and Koch Industries, Inc. today announced they have reached a definitive agreement to sell INVISTA, formerly DuPont Textiles & Interiors, to subsidiaries of Koch for $4.4 billion in cash. The two subsidiaries are KED Fiber Ltd. and KED Fiber, LLC.

Closing is expected in the first half of 2004, subject to government approvals. The transaction is expected to be neutral to accretive to DuPont earnings in 2004.

"This is a major milestone in the ongoing transformation of DuPont," said DuPont Chairman and CEO Charles O. Holliday, Jr. "The fibers businesses have been an important part of DuPont for many decades. However, marketplace realities dictate they can best realize their potential as part of a company like Koch which is fully committed to INVISTA and the markets it serves. We believe this outcome will provide the best opportunity for the people who have made these businesses successful in the past and will take them into the future."

"This acquisition is an excellent fit with our capabilities and vision for long-term growth," said Charles G. Koch, chairman and chief executive officer of Koch Industries. "By combining INVISTA's many capabilities and strong brands, primarily in nylon and spandex, with the polyester businesses of our KoSa subsidiaries, we will create a diverse company, well-positioned to compete in the global fibers and resins markets."

"Now that one of the most significant changes in our 201-year history is moving toward completion, we can focus on positioning DuPont for growth," Holliday said. "This will involve dedicated, unwavering effort by all DuPont employees. We have talented people, know-how across markets and industries, and the strong science capability necessary for success. Our goal is to channel those capabilities into opportunities for our company, both near- and long-term."

Holliday said DuPont shortly will outline actions it will take to ensure competitiveness in global markets and achieve its growth objectives.

INVISTA, currently a business unit of DuPont, is the largest integrated fiber and intermediates business in the world, with 2002 revenues of $6.3 billion. It has 18,000 employees and interests in 50 global manufacturing sites. Headquartered in Wilmington, Del., it operates in 50 countries and is comprised of three businesses: Apparel; Interiors and Industrial; and Intermediates. INVISTA is committed to its customers' growth through market insights and technology innovations combined with a powerful portfolio of the best-known global brands and trademarks in the industry including: LYCRA®, STAINMASTER®, ANTRON®, COOLMAX®, THERMOLITE®, CORDURA®, SUPPLEX®, TACTEL®, and in the specialty chemicals business: CORFREE®, DYTEK®, ADI-Pure® and TERATHANE®.

Koch is a privately held company that owns a diverse group of companies that operate in more than 30 countries in core industries such as trading, petroleum, chemicals, natural gas, gas liquids, asphalt, resins and fibers, minerals, fertilizers, chemical technology equipment, ranching, securities and finance, as well as in other ventures and investments. KoSa is a global producer of commodity and specialty polyester fibers, polymers and intermediates.

DuPont is a science company. Founded in 1802, DuPont puts science to work by solving problems and creating solutions that make people's lives better, safer and easier. Operating in more than 70 countries, the company offers a wide range of products and services to markets including agriculture, nutrition, electronics, communications, safety and protection, home and construction, transportation and apparel.

2004/4/8 DuPont

DuPont Provides Update on Sale of INVISTA TM

DuPont today announced that KED Fiber Ltd. and KED Fiber, LLC, subsidiaries of Koch Industries, have advised DuPont that they intend to accelerate the closing of the sale of INVISTA to April 30, 2004. DuPont and the Koch companies also have agreed to an amendment of the purchase agreement, adjusting the sale price to $4.2 billion, including the assumption of debt and certain joint venture and equity interests covered under a non-binding letter of intent. No further details were disclosed.

On November 17, 2003, DuPont announced that it had reached a definitive agreement to sell INVISTA to subsidiaries of Koch Industries, Inc. for $4.4 billion that also included assumption of debt and certain joint venture and equity interests covered under a non-binding letter of intent. At the time, closing of the transaction was expected by June 30, 2004.

"We are very pleased to have reached final agreement on this enormously complex commercial and financial transaction," said Gary M. Pfeiffer, DuPont chief financial officer. "We are pleased to have a specific target date for closing. We believe this transaction positions DuPont to create outstanding value for our shareholders."

DuPont is a science company. Founded in 1802, DuPont puts science to work by solving problems and creating solutions that make people's lives better, safer and easier. Operating in more than 70 countries, the company offers a wide range of products and services to markets including agriculture, nutrition, electronics, communications, safety and protection, home and construction, transportation and apparel.

2004/4/30 Dupont

Koch Subsidiaries Buy Fibers Unit from DuPont
New INVISTA combines strengths - in nylon, spandex, polyester and resins - of INVISTA, KoSa

DuPont and subsidiaries of Koch Industries, Inc. today finalized the sale of INVISTA, formerly DuPont Textiles & Interiors, for $4.2 billion, including the assumption of debt and certain joint venture and equity interests covered under a non-binding letter of intent. Ownership will transfer at 5 p.m. EDT.

Going forward, the company will conduct business as INVISTA.

"The new INVISTA has many capabilities, recognized brands and an innovative team, and we believe our long-term outlook is excellent," said Jeff Walker, INVISTA's chief executive officer. "Our focus for the near future is to enhance this business' ability to create superior value for our global customers. We believe that this combination of INVISTA's strengths, primarily in nylon and spandex, and
KoSa's polyester capabilities will position us to compete successfully in the global resins and fibers markets."

"The fibers businesses of INVISTA have been an important part of DuPont for many decades. We look forward to a continuing relationship with INVISTA as a key supplier," said Charles O. Holliday, Jr., DuPont chairman and CEO. "We believe these businesses can best realize their potential as part of a company like Koch which is fully committed to INVISTA and the markets it serves. We highly value the contributions that INVISTA employees have made to DuPont over the years and wish them well as part of Koch."

Walker and the new INVISTA leadership team will concentrate on specific plans for strengthening the various businesses within the INVISTA umbrella. The leaders are shaping their respective organizations and making decisions to design efficient business and manufacturing asset structures, to implement key year-one business strategies, and to offer superior customer service.

Previously, presidents were announced for the six businesses: William Ghitis, Apparel; David Trerotola, Performance Fibers; Alan Wolk, Interiors; Ken Wall, Intermediates; Kevin Fogarty, Polymer and Resins; and Gerold Linzbach, Textile Fibers. Ghitis and Trerotola will locate near Wilmington, Del.; Wolk will base near Atlanta; Linzbach will be in Charlotte, N.C.; and Wall and Fogarty will be in Wichita.

The new INVISTA is a global integrated fiber and intermediates business with a presence in 50 countries. It is comprised of six businesses: Apparel; Performance Fibers; Interiors; Intermediates; Polymer and Resins; and Textile Fibers. INVISTA is committed to its customers' growth through market insights and technology innovations combined with a powerful portfolio of the best-known global brands and trademarks in the industry including: LYCRA
®, STAINMASTER®, ANTRON®, COOLMAX®, THERMOLITE®, CORDURA®, SUPPLEX®, TACTEL®, and in the specialty chemicals business: CORFREE®, DYTEK®, ADI-Pure®, and TERATHANE®, Brands formerly marketed through the KoSa line include: Polarguard®, ESP® and Avora®FR.

Koch Industries, Inc. is a privately held company that owns a diverse group of companies that operate in more than 30 countries in core industries such as trading, petroleum, chemicals, natural gas, gas liquids, asphalt, resins and fibers, minerals, fertilizers, chemical technology equipment, ranching, securities and finance, as well as in other ventures and investments.

*Subsidiaries of Koch Industry own polyester manufacturer KoSa.

2005年11月21日 DuPont



2006/10/11 DuPont

DuPont Partners with Zhangjiagang Glory Chemical Industry Co. to Produce First Bio-Based DuPont Sorona® Polymer in Asia

DuPont today announced a partnership with Zhangjiagang (張家港) Glory Chemical Industry Co., Ltd. (Glory) to produce and distribute bio-based DuPont Sorona® (3GT 繊維) polymer, the company's latest polymer innovation, throughout Asia. The partnership marks the first commercial manufacturing of Sorona® in Asia. Terms of the agreement were not disclosed.

Located in the Jiangsu Province in China, Glory was formed earlier this year exclusively to produce Sorona® polymer. The company broke ground in May on its new continuous polymerization (CP) facility, which will manufacture Sorona® using the technology know-how licensed from DuPont. The Glory facility is slated to start up in the fourth quarter with plans to offer the first commercial product in the second quarter of 2007. Glory will receive Bio-PDO from the DuPont Tate & Lyle BioProducts facility in Loudon, Tenn., and will manufacture renewably sourced Sorona® polymer. Once operational, the Glory facility will be capable of producing 66 million pounds or 30 kilotonnes of Sorona® per year.

"We take a great honor in being able to work with DuPont, especially for such a visionary product that could bring value not only to customers but also to the environment in the long run," said Han Bin, president of Glory. "Our organization has nearly 20 years of experience in polymer production and a strong team that has full confidence in making it a great success with DuPont's support."

"After screening over a dozen firms, we found that Mr. Han and his team were best positioned to be a strategic partner with DuPont, based on their impressive operating experience, attention to quality and desire to be involved in every step of product commercialization," said Peter Hemken , vice president and general manager - DuPont Bio-Based Materials - Sorona® and Bio-PDO. "We believe our partnership with Glory will help us expand our business on a global level and incorporate new thinking and experience into the Sorona® brand. There currently is a very strong supply chain in Asia and this partnership will help us shorten the time to market by having polymer, fiber, fabric and garments all created in one region."

Sorona® offers a unique combination of attributes and benefits in one fiber, allowing designers and apparel manufacturers to overcome the limitations of existing fibers and take their designs to new levels. The exceptional softness, comfort stretch and recovery, vibrant color, resistance to wrinkles and fading, and easy care of Sorona® are appealing to designers who place a high value in quality and the ability to respond quickly to changing market needs.

Sorona® provides performance characteristics that are driving wide adoption in mills throughout the world. Designers seeking improved properties over traditional nylon or polyester fabrics are getting excellent results with fabrics manufactured with Sorona® because it overcomes many of the limitations of existing synthetic fibers. For example, Sorona® provides exceptional softness and drape that is appealing in intimate apparel. At the same time, swimwear manufacturers value the UV and chlorine resistance provided by Sorona®.

DuPont is a world leader in the development and manufacture of high-performance materials that provide environmentally sustainable solutions utilizing renewable, farm-grown feedstocks rather than petroleum. The power of DuPont's scientific capabilities, including state-of-the-art biotechnology and bio-based manufacturing processes, are being harnessed to meet the needs of both customers and society.

DuPont is a science-based products and services company. Founded in 1802, DuPont puts science to work by creating sustainable solutions essential to a better, safer, healthier life for people everywhere. Operating in more than 70 countries, DuPont offers a wide range of innovative products and services for markets including agriculture and food; building and construction; communications; and transportation.