Called DuPont Textiles & Interiors, the new division will include the nylon fibres, polyester fibres and Lycra brand fibre businesses, creating the world’s largest integrated textile fibres group with annual sales of $6.5 billion. This represents about 23 percent of 2001 total DuPont Company segment sales. The company says it will consider a full range of options for the spin-off, including an Initial Public Offering (IPO), with the ultimate intention of separation by year-end 2003, market conditions permitting. The company has engaged Morgan Stanley to assist in the evaluation process.

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