DUPONT TEIJIN FILMS
US group reportedly tries to exit film joint venture
Citing insiders, Bloomberg news service has said DuPont (Wilmington, Delaware / USA; www.dupont.com) plans to divest its shares in its 50:50 DuPont Teijin Films (Europe: Luxembourg; www.dupontteijinfilms.com) joint venture. The Wilmington-based group reportedly is being advised on the matter by Goldmann Sachs. DuPont – which has neither confirmed nor denied the reports – also is said to be mulling a divestment of its powder-based paint business.
Following a restructuring that was wrapped up in spring 2011, DuPont Teijin Films last posted sales of USD 1.1 bn. The jv, with more than 3,000 employees worldwide, has capacity to turn out 280,000 t/y of film, mostly BOPET.
Following a restructuring that was wrapped up in spring 2011, DuPont Teijin Films last posted sales of USD 1.1 bn. The jv, with more than 3,000 employees worldwide, has capacity to turn out 280,000 t/y of film, mostly BOPET.
19.10.2011 Plasteurope.com [220631-0]
Published on 19.10.2011
German version of this article...