Teijin and DuPont announce plans to dissolve Teijin DuPont Nylon

TOKYO -- Teijin Limited and DuPont K.K. announced recently that the two companies have come to an agreement to dissolve their 50/50 joint-venture Teijin DuPont Nylon K.K. (TDN).

The dynamics of the Japanese market, influenced by economic factors in and outside of Japan for the products made by TDN, necessitated this decision, the companies said. In the past 5 years, the recession in the construction industry negatively affected the demand for nylon in carpets while demand in the apparel industry was affected by a shifting mill base and changes in consumer preferences.