Did you hear?... DuPont forms a new wholly-owned subsidiary

Dupont has announced it is splitting its company into two with the formation of Dupont Textiles & Interiors, a new wholly-owned subsidiary.

Dupont has announced it is splitting its company into two with the formation of Dupont Textiles & Interiors, a new wholly-owned subsidiary. It will be the largest integrated textile fiber and interiors company in the world, with approximate annual revenue of $6.5 billion and 22,000 employees, operating in 50 countries. Headquartered in Wilmington, Del., DuPont Textiles & Interiors (DTI) will be comprised of two businesses, each with subgroups: Textiles and Interiors -- including Apparel, Home & Industrial, and Flooring; and, Intermediates -- including nylon, Terathane® and polyester intermediates, specialties and joint ventures. Zytel® nylon resins will remain with DuPont. The new subsidiary will have a powerful portfolio of DuPont’s best known, worldwide brands and trademarks including: Lycra®, Stainmaster®, Coolmax®, Thermolite®, Supplex®, Antron®, Cordura®, Tactel®, Dacron® and Micromattique™. The venture will also have the opportunity to leverage other brands including the DuPont and Teflon® brands. According to Dupont, the company will explore a full range of strategic options for the new subsidiary, including an Initial Public Offering.


Did you hear?... DuPont Textiles & Interiors announces it will be trimming at least 2,000 jobs

DuPont Textiles & Interiors (DTI) -- nylon fibers, polyester fibers, Lycra brand, CoolMax brand, Cordura brand, Thermolite brand, and spandex -- announced May 1 that it will be trimming at least 2,000 jobs -- representing nearly 10 percent of its global workforce -- with the ...read more

DuPont becomes equity partner of Outlast

DuPont Textiles and Interiors (DTI) and Outlast today announced that the two companies had formed an equity alliance partnership. As part of the agreement, DTI has acquired a minority interest in Outlast. Tim Dummer, the global business manager for DTI overseeing the ...read more

Did you hear?...It's getting a bit sporty between DuPont and Invista

On Nov. 11, 2008, DuPont issued a press release saying, "DuPont (NYSE: DD) today filed a lawsuit claiming INVISTA is infringing a DuPont patent and has misappropriated DuPont trade secrets and proprietary information relating to DuPont's nylon engineering resins business. The ...read more

Did you hear?... Salomon announces plans to open an Australia subsidiary

Salomon has announced it will open a Melbourne-based Australia subsidiary on Jan. 1, 2003. Adidas-Salomon AG is establishing the wholly owned subsidiary because Bursill Sports Gear and Salomon have mutually decided not to continue with the present distribution agreement. Bursill ...read more

Did you hear?... REI launces it's own brand of OXT apparel

Responding to a 25-percent sales increase during the past two years in a category REI has dubbed, Outdoor Cross Training (OXT), the company has launched its own brand of OXT apparel, including Baja Shorts, PowerDry Tee, REI Bra Top, OXT Shell Jacket, Power Stretch Pullover, and ...read more

Malden's German subsidiary files for insolvency

Goerlitz Fleece GmbH, a wholly-owned subsidiary of Malden Mills Industries, based in Goerlitz, Germany, has filed for voluntary insolvency under German law -- similar to bankruptcy protection in the United States. In a statement issued by Malden on Oct. 7, Malden Mills ...read more

Did you hear?... Isis wins ispo DuPont BrandNew Women Award

Isis, maker women's outdoor apparel, has won the ispo DuPont BrandNew Women Award for Winter 2002. The ispo DuPont BrandNew Awards are for "young, imaginative, future-oriented and usable brands" and products in the sports sector. Isis was chosen by nine international members of ...read more

DuPont Announces New Brand Architecture

DuPont has announced a number of changes in the company, as well as new fabrics and fibers, on the heels of some six months of planning and budget tinkering. This is yet another step in company restructuring that comes not only after a January announcement of a new management ...read more

Did you hear?... Revamped Supplex line from Dupont coming soon

Look for a revamped Supplex line from Dupont soon. As a part of the last year of reorganization and re-positioning, Dupont will introduce a new logo, new hangtags, new POP and collateral, and introduce several new versions to offer alternatives to manufacturers. Spokeswoman ...read more