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.

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 U.S.-based operations experiencing the deepest layoffs. In a move the company says it anticipates will save DuPont $120 million, the company indicated it would be closing its Terathane PTMEG production unit in Niagara Falls, New York, as well as eliminating under-performing branches of its spandex business based in Waynesboro, Va. These cuts, along with the balance of jobs lost from Europe operations, will be completed by July. Earlier this year, DuPont had announced its intention to establish DTI as a new wholly owned subsidiary by end of year 2003. The company indicated it is continuing to pursue a number of separation options, including an IPO. DTI reported revenues of $6.5 billion in 2001. SNEWS® View: And the hits keep rolling in as U.S.-based textile companies continue to reel under the weight of off-shore competition from off-price textile importers. If the trend continues, U.S.-based textile production will become a relic, with offices existing here only to source fibers and product overseas.


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. It will be the largest integrated textile fiber and interiors company in the world, with approximate annual revenue of $6.5 billion and ...read more

Did you hear?... DuPont reports that sales and earnings have declined

DuPont reports that sales and earnings have declined in the 1st quarter, with sales dipping 10 percent to $6.14 billion and net income declining 3.2 percent to $479 million. The company pointed to a continuing weakness in the U.S. textile market as the reason for significant ...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?... 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 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

Outdoor: Did you hear?...

>> OIA and Outdoor Retailer are offering a new benefit to OIA members. Beginning with Outdoor Retailer Summer Market, all OIA members will receive a 3 percent discount on exhibit space. Savings on a 20x20 booth space, for example, is more than $400 per year, businesses with 30x50 ...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

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

Outdoor: Did you hear?...

>> According to Outdoor i, the UK trade newsletter, The North Face has partnered with the Association of German Mountain and Ski Guides (VDBS e.V). The arrangement involves supplying the instructor team as well as mountain and ski guides of the VDBS, using products from TNF's ...read more