DuPont Automotive Coatings Unit and Kansai Paint To End Joint Venture Relationships

19-Dec-2003
DuPont and Kansai Paint, Ltd., have agreed to amicably terminate their automotive coatings joint venture relationships due to incompatible global strategies, Marty M. McQuade, vice president and general manager of DuPont Herberts Automotive Systems and Katsuya Sera, president of Kansai Paint Company, Ltd., announced today. DuPont and Kansai operate three joint ventures that provide coatings to Japanese auto makers in North America and the United Kingdom. They are: DuPont Kansai Automotive Coatings Company, formed in 1990, headquartered in Troy, Mich.; Pinturas Automotorices DuPont Kansai, S.A. de C.V., formed in 1990 and headquartered in Mexico City, Mexico; and DuPont Kansai Automotive Coatings (U.K.) Ltd., formed in 1997 and headquartered in Hemel Hempstead, U.K. The joint ventures were formed to supply and service the automotive coatings needs of Japan-headquartered auto companies for their operations in the U.K. and North America. The joint ventures will continue to service customers for a one- to two-year transition period.

Other news from the department business & finance

Most read news

More news from our other portals

Discover the latest developments in battery technology!