Teijin buys DuPont out of polyester film JVs in Japan and Indonesia

摘要

Teijin Ltd. has announced that it has agreed to acquire the interests owned by DuPont in the companies' polyester films joint ventures (JVs) in Japan and Indonesia. Teijin and DuPont have agreed that Teijin will acquire DuPont's 40% stake in Teijin DuPont Films Japan Ltd. (Tokyo, Japan), effective immediately, and DuPont's 49.9% stake in PT Indonesia Teijin DuPont Films (Tangerang, Indonesia) after obtaining the necessary regulatory approvals. The two JVs were established in 2000. The businesses will become wholly owned subsidiaries of Teijin, following the transactions.