DuPont still tied to tyre cord JVs

By Patrick Raleigh, ERJ On-line news editor

London-DuPont has not yet divested its tyre cord interests as part of its sale of the Invista fibres and intermediates business to Koch Industries. The $4200-million sale was completed on 30 April, but did not include DuPont’s holdings in three joint ventures, including DuSA International and Branta Mulia Group, a group spokesman indicated.

“The transfer of these three equity affiliates will be delayed until the company receives approval from its equity partners, which is expected in the second half of…

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