DuPont forms Russian joint venture

 

YAROSLAVL, RUSSIA, Jan. 30, 2006 - DuPont and Russkie Kraski Corp. have
created a joint venture aimed at supplying automotive coatings to
manufacturers of automobiles and commercial vehicles in Russia and
former Soviet republics in Eastern Europe.

The new company, DuPont Russian Coatings LLC, will draw on technologies
licensed from both partners.

                        DuPont is the world's leading manufacturer of
coatings for the automotive OEM and refinish markets. Russkie Kraski is
the Russian Federation's largest manufacturer of automotive coatings and
resins, with sophisticated research and development, technical support
and sales and marketing capabilities. 

"This new joint venture will serve expanding automotive production in
Russia and other eastern European countries and builds on a series of
DuPont investments designed to grow our business in emerging markets,"
said Marty M. McQuade, vice president and general manager, DuPont
Automotive Systems.  "Over the past several years, we have leveraged our
technology and strengthened our market leadership position in South
America and Asia, and now in eastern Europe, to meet the needs of the
world's fastest growing auto manufacturers."

The joint venture, headquartered in Yaroslavl, will supply local and
international car makers in Russia, Belarus and Ukraine with high
quality, state-of-the-art coatings and provide full-scale technical
support. Plans call for establishment of a new quality control and
technical service laboratory in Yaroslavl staffed with scientists from
DuPont and Russkie Kraski.

The company's product offering includes coatings for passenger cars,
trucks and buses, including off-line painted plastic parts, and exterior
and interior metal parts. Products will be toll-manufactured by Russkie
Kraski or imported from DuPont manufacturing sites in Europe and
elsewhere around the world. 

 

DuPont is a science company. Founded in 1802, DuPont puts science to
work by creating sustainable solutions essential to a better, safer,
healthier life for people everywhere. Operating in more than 70
countries, DuPont offers a wide range of innovative products and
services for markets including agriculture, nutrition, electronics,
communications, safety and protection, home and construction,
transportation and apparel. www.dupont.com <http://www.dupont.com/> 

Russkie Kraski is a leading Russian coatings company with revenue of
around USD $90 million and a production volume of 34,000 tons (excluding
intermediates) in 2004. Russkie Kraski's business segments are
automotive and commercial vehicle OEM coatings, car refinishes,
industrial and architectural finishes, building and decorative materials
and semi-finished products such as resins used to manufacture coatings
products. www.ruskraski.ru/eng/

 

#  #  #

1/30/06

 

The DuPont Oval, DuPont(tm) and The miracles of science* are registered
trademarks or trademarks of DuPont or its affiliates.