TAIWAN: Far Eastern, DuPont In Polyester JV
Taiwan's Far Eastern Group and DuPont Co are to form a joint venture to take over a polyester maker - currently a DuPont unit - in Suzhou, China. The Far Eastern Group will have an 80 per cent stake in the joint venture and DuPont will take a 10 per cent stake. The remaining share will be held by Japan 's Mitsubishi Corp.