Newswatch: DuPont Increases Stake in China Joint Venture
DuPont has acquired additional equity in its DuPont Red Lion joint ventures in Beijing and Changchun, China. DuPont says the moves "reinforce its position as the leading coatings supplier to the growing Chinese automotive industry."
DuPont (Wilmington, DE) has increased its equity position in the DuPont Red Lion-Beijing joint venture to 76% from 60% and has renamed it DuPont Red Lion (Beijing) Co. Ltd. DuPont also acquired 100% ownership of its other DuPont Red Lion joint venture in Changchun by purchasing the remaining 40% interest held by Red Lion. That company will be known as "DuPont Performance Coatings-Changchun.