company news; dupont joins teijin in venture to make polyester film
1999 Taijin Co. , Ltd.
Japan and DuPont announced yesterday that they will set up a joint venture to produce the material polyester film used to produce audio-visual tapes.
Teijin, a major textile manufacturer, and DuPont, a chemical giant, said their joint operations would form the world\'s largest manufacturer of polyester films for about $1.
Annual sales are expected to be 4 billion.
Shosaku Yasui, president of Teijin, said at a news conference in Tokyo that Teijin and DuPont will each contribute about 50% to the joint venture.
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A version of the article was printed on page C00003 of the National edition on February 4, 1999, with the title: Company News;
DuPont works with Dijin to produce polyester film.