Composites World / NetComposites

Connecting you to the composites industry

Advertisement

NetComposites Ltd has transferred the rights and ownership of this website to Gardner Business Media Inc.

On 1st January 2020, NetComposites' media assets including netcomposites.com, newsletters and conferences were transferred to Composites World (Gardner Business Media).

This site is no longer being updated. Please direct all enquiries to netcomposites@gardnerweb.com.

For further details see our joint press release.

Sabanci Completes DuPontSA Polyester Deal

  • Friday, 3rd December 2004
  • 0 comments
  • Reading time: less than a minute

Istanbul’s Sabanci Holding has completed its purchase of DuPont’s 50% shareholding in DuPontSA, becoming the sole owner of the Europe-based polyester business.

“”We are delighted with the completion of this important acquisition, which adds more than USD$ 1 billion in revenue to Sabanci Holding and gives us a reach throughout Europe,”” said Dr Celal Metin, CEO of Sabanci Holding and chairman of DuPontSA. I congratulate our fine team who managed to obtain all governmental approvals and close this transaction ahead of schedule.””

DuPontSA CEO Wahid Tawfik, added: “”DuPontSA will retain exclusive rights in Europe, the Middle East, Africa, Russia and the CIS countries to all our current technology, patents, brands and trademarks for polyester fibres, resins and intermediates.””

DuPontSA has annual revenues of more than US$ 1 billion and is a leading integrated producer of polyester fibres, resins and intermediates in Greater Europe. At its production sites in Wilton (U.K.), Uentrop (Germany) and Adana, Kurtkoy and Inegol (Turkey), it has manufacturing capacity of over 1.3 million tonnes per annum of PTA, DMT, polyester filaments, polyester staple, PET Resin and Preform.


For more information visit:


Share this article


More News


Comments (0)

Leave your comment