DuPont Boosts Stake in Joint-Venture Businesses in China, Plans Expansions
WILMINGTON, DE - DuPont Co. has boosted its ownership stakes in the DuPont Red Lion joint-venture automotive-coatings businesses in China in moves the company said "reinforce its position as the leading coatings supplier in the growing Chinese automotive industry." Financial terms of the moves were not disclosed.
The company has increased its stake in the DuPont Red Lion - Beijing joint venture to 76% from 60%, and has renamed the business DuPont Red Lion (Beijing) Co., Ltd. The joint venture was initially launched in 1992.