DuPont, Kansai Paint to Terminate Automotive-Coatings Joint Ventures
WILMINGTON, DE - DuPont Co. and Kansai Paint Ltd. of Japan agreed to terminate their automotive-coatings joint-venture relationships, citing "incompatible global strategies." The companies did not provide further details or comment on the action.
The joint ventures were formed to supply automotive coatings to Japan-based auto companies for their operations in the U.K. and North America, and will continue to service customers for a one- to two-year transition period, the companies said.