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DuPont to Combine Apparel, Textiles Businesses

October 30, 2000
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Wilmington, Del. (Reuters) -- DuPont Co. says it will combine its apparel, home textiles and related businesses into one unit with combined revenues of $3 billion.

The new, market-focused group will be called DuPont Apparel and Textile Sciences. Under the new structure, DuPont's Lycra elastane, Nylon textile and Dacron branded businesses will become a single unit effective Jan. 1, 2001, the company said.

DuPont expects the new unit to benefit from technical expertise, operational scale and market knowledge to provide a more streamlined offering. The unit will have about 10,000 employees and marketing, technical and manufacturing operations globally, DuPont said.

"We believe this centralized market approach will provide economies of scale and scope, enable us to build stronger partnerships with our customers and better deliver the constant flow of newness' our global markets demand," said Steven McCracken, DuPont group vice president who will lead the new group.

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