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DuPont Realigns Businesses, Forms New Subsidiary

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By: DAVID SAVASTANO

Contributing Editor, Coatings World and Ink World, Coatings World and Ink World Magazine

DuPont announced the alignment of its businesses in five market- and technology-focused 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, DuPont Textiles & Interiors, will include the nylon fibers, polyester fibers and Lycra brand fiber businesses, as well as intermediates and joint ventures. DuPont will consider a full range of options, including an initial public offering (IPO).
    
DuPont Coatings & Color Technologies, which includes Dupont’s Ink Jet division, has annual sales of $4.9 billion. It includes DuPont performance coatings and DuPont white pigment and mineral products. Group vice president Edward J. Donnelly will lead these businesses.

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