BEIJING - DuPont Performance Coatings took over its DuPont Red Lion joint venture in Changchun, China, and increased its equity in DuPont Red Lion in Beijing.
DuPont had owned 60 percent of the joint venture in Changchun. It bought out Red Lion and renamed the company DuPont Performance Coatings-Changchun.
DuPont also raised its equity in the Beijing joint venture, to 76 percent from 60 percent, and renamed the joint venture DuPont Red Lion (Beijing) Co. Ltd. Manufacturing will be moved to new plants in Beijing and begin operation by the end of 2005.
Financial terms were not disclosed.