DuPont Engineering Polymers Acquires Eastman's High-Performance Plastics Business

April 17, 2003
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WILMINGTON, Del. - DuPont Engineering Polymers has acquired the high-performance crystalline plastics business from Eastman Chemical Co., Kingsport, Tenn. The business includes Eastman's Titan LCP, a liquid crystal polymer; Thermx PCT, a family of polycyclohexylene dimethyl terephthalate products; and Thermx EG series of reinforced polyethylene terephthalate (PET) thermoplastic polyester resins used in the automotive, electrical/electronics and other industries.

"The acquisition fits well with the current DuPont offerings in the automotive and electrical/electronics industries where DuPont has a major stake and the businesses can be quickly and fully integrated into our operations," said Terry Caloghiris, vice president and general manager, DuPont Engineering Polymers.

"Our strategy is to shift our resources to more fully concentrate on our market strengths. Our focus will be on the medical, durables, consumer and specialty-packaging markets for which we provide amorphous copolyesters and cellulosics," said Dr. Phillip Griswold, vice president and general manager of Eastman's Specialty Plastics business.

For more information about these companies, visit http://www.dupont.com and http://www.eastman.com.

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