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May 10, 2006
DuPont acquisition of Pedex still on course
Mannheim/Affolterbach, May 2006. DuPont and the creditors of Pedex have reaffirmed their commitment to pursue the acquisition of the filament manufacturer with operations in Affolterbach (southern Hesse) by the chemical company. “Both contract partners see no reason to withdraw from the process, which will provide the best solution for the former Coronet subsidiary,” stated insolvency administrator Tobias Hoefer from the Hack Hoefer law firm in Mannheim. The consummation of the transaction relating to DuPont’s acquisition of Pedex is conditional to its approval by the Federal Cartel Office, which has initially been refused. DuPont and the insolvency administrator have since appealed against the decision. “This is in the interest of both the creditors and the company,” says Hoefer.
October 5, 2005
DuPont Filaments acquires high-technology filament manufacturer Pedex
DuPont Filaments-Europe B.V., Landgraaf/NL, announced end of September the signing of an agreement to acquire the assets of the German company Pedex, Wald-Michelbach/Germany, a specialist in high-technology brush filament manufacture. The acquisition is likely to be finalised by October 31, 2005, pending regulatory approval. Financial terms of the agreement were not disclosed.
August 11, 2005
DuPont Filaments to Raise EU Monofilament Prices
DuPont Filaments – Europe, BV today announced that it will implement price increases for their nylon 612, nylon 610 and polyester monofilaments effective Sept. 1. The increases range from 3 to 8 percent for widely used grades; higher percentages may apply to some specialty products.
August 11, 2005
DuPont Filaments to Raise US Monofilament Prices
DuPont Filaments – Americas, LLC today announced that it will implement price increases for their nylon 612, nylon 610 and polyester monofilaments effective Sept. 1. The increases range from 5 to 10 percent for widely used grades; higher percentages may apply to some specialty products.
August 16, 2004
DuPont Filaments to Increase Nylon Monofilament Prices
DuPont Filaments today announced that its global operating companies will implement price increases for their nylon 612 monofilaments effective Sept. 1. The increases range from 3 to 5 percent for widely used grades; higher percentages may apply to some specialty products.
June 1, 2004
DuPont Forms Filaments Joint Venture With Wuxi Xingda Nylon Co., Ltd.
DuPont and Wuxi Xingda Nylon Co., Ltd., of Wuxi, China, have completed formation and startup of a joint venture for the production and distribution of filaments used in toothbrush, paint brush, cosmetic and industrial brush applications. The joint venture will provide a broad offering of brush filaments meeting the needs of customers worldwide.
July 31, 2003
DuPont Engineering Polymers and Wuxi Xingda Nylon Co., Ltd. create joint venture.
As a leading global producer of filaments, the joint venture will provide a broad offering of brush filaments meeting the needs of customers worldwide.
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Julian Kestler
Kestler & Company
(609) 683-1322
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