Mississauga, Ontario, Aug. 8--DuPont Canada is restructuring its Canadian operations as part of a wider plan by its U.S. parent to fold the subsidiary's textiles and fibers business into a new and separate global company.
The Toronto-area chemicals and fibers company said Thursday the restructuring is being done as part of the pending creation of a new international division called DuPont Textiles & Interiors planned by global parent, U.S. chemical giant E.I. du Pont.
As part of the restructuring, DuPont Canada will become part of DuPont Textiles and will be called DuPont Textiles & Interiors Canada Inc. The new company will hold Canadian textiles businesses in Kingston and Maitland, Ontario, and other assets of DuPont Canada, including the company's polymers and fluorochemicals production at Maitland, performance coatings in Ajax, Ontario and packaging and industrial chemicals operations in Sarnia.
In addition, certain non-textile assets of DuPont Canada will become part of DuPont and go into a new company to be named E.I. du Pont Canada. That company will include Liqui-Box (Canada); Granirex; Brookdale; marketing and sales operations, research and business development operations, customer traing centres and product development labs.
"Our relationship with our customers, as well as our accountability to our customers, will not change," Doug Muzyka, DuPont Canada's president and chief executive, said in a release. "We will continue to supply them with high-quality DuPont branded products and services while maintaining our traditional standards of excellence."
The new corporate structure will be fully operating by Oct. 1.
DuPont Canada is a diversified science company that serves customers across Canada and in more than 40 other countries. Headquartered in Mississauga, near Toronto, the company has more than 4,000 employees and offices or operations in Canada, the United States, Mexico, France, the United Kingdom and India.
Late last month, E.I. du Pont got approval from DuPont Canada minority shareholders to take the Canadian subsidiary private so du Pont could sell or spin off the U.S. multinational's global textiles business.
