DuPont buys business from Eastman

DuPont Engineering Polymers announced today that it has acquired the high-performance crystalline plastics business from Eastman Chemical Company for an undisclosed fee.

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 PET thermoplastic polyester resins used in automotive, electrical/electronics and other industries.

DuPont is acquiring the technology rights and other business intellectual property, including formulations and marketing information, but not physical assets or personnel.

‘Our high temperature crystalline business has demonstrated good success for Eastman,’ said Dr. Phillip Griswold, vice president and general manager of Eastman’s Specialty Plastics business.

‘Although we have good technology, we have a limited market presence in the markets that represent the best growth opportunities for these products going forward. 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.

‘Eastman will continue to supply DuPont with PCT polymer for the Thermx business. These materials are known for their ability to perform under high temperatures that are so critical in automotive and electronics uses,’ Griswold added.

According to DuPont, Titan LCP will be integrated into the DuPont Zenite LCP product line. This will allow Dupont to expand its offering for customers needing liquid crystal polymers in applications that require added toughness and weld line strength.

Thermx PCT will be a distinctive new product line for DuPont, offering higher temperature capability for applications requiring the dimensional stability of thermoplastic polyester. Thermx PCT will complement the offering by DuPont of LCP and Zytel HTN polyamide high-temperature engineering polymers. A modified form of this product, Thermx PCTA, has US Food and Drug Administration (FDA) approval for use in consumer food-contact applications.

Thermx EG series PET polyester resins will be integrated into the DuPont family of Rynite thermoplastic polyester resins, which are known for their dimensional stability under heat and moisture conditions for uses in the automotive, electrical/electronics and other industries.

Separately, DuPont Engineering Polymers has announced that it is proposing to close its nylon resin-compounding unit situated at Rozenburg, the Netherlands. In total, 80 jobs would be affected by this proposal. It is anticipated that production would cease around the middle of 2004.