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DU PONT AND N.V. PHILIPS ENTER INTO AGREEMENT WITH MITSUBISHI KASEI

 DU PONT AND N.V. PHILIPS ENTER INTO AGREEMENT WITH MITSUBISHI KASEI
 WILMINGTON, Del., Nov. 25 /PRNewswire/ -- Du Pont (NYSE: DD) and N.V. Philips of the Netherlands, as part of the sale of their joint venture, Philips and DuPont Optical, have entered into an agreement with Mitsubishi Kasei Corporation, Japan's largest integrated chemical company and a producer of optical media, for the sale of certain assets relating to PDO's polymer rewritable media business.
 These include rewritable media manufacturing facilities at PDO's Kings Mountain, N.C., plant, as well as technology, marketing and sales support in the United States. Terms of the sale were not disclosed.
 About 40 PDO employees involved with the 5.25-inch and 3.5-inch polymer media business will be asked to accept employment with Verbatim Corporation, Mitsubishi Kasei's U.S. subsidiary.
 Mitsubishi Kasei has headquarters in Tokyo. The company places strong emphasis on research and development across several specialty businesses, including information storage and electronics products such as optical media. Mitsubishi Kasei was established in 1934 and its 1990 sales were $9 billion.
 "We will continue to improve the Kings Mountain facility and expand the product lines according to market growth in the future," said Tetsuo Komuro, general manager, Information Storage Products division of Mitsubishi Kasei. "The current sales channel of the products from Kings Mountain will be integrated with our U.S. subsidiary, Verbatim Corporation, and further strengthened for continued improvements in customer service."
 Mitsubishi Kasei produces 5.25-inch rewritable and WORM optical media as well as 3.5-inch rewritable and O-ROM media. In 1991, Verbatim Corporation began worldwide distribution of 5.25-inch rewritable, 3.5-inch rewritable and 3.5-inch O-ROM optical disks produced by Mitsubishi Kasei.
 "We are combining expertise from two of the top optical media suppliers in the industry," said Michael A. Toomey, chief executive officer of PDO Professional. "The knowledge we are bringing together will benefit rewritable media users and allow for continued development of new technology."
 The polymer rewritable disk is a large capacity, erasable disk used primarily in image processing applications. The removability and capacity of rewritable optical media, in conjunction with the increasing demand for image- and data-intensive applications, have focused attention on rewritable media as the area of growth in optical storage for the 1990s. As jukebox applications become more frequently used, fast spin-up needs dictate the growth of lighter weight polymer media.
 PDO began production of polymer media in 1990 after a new production process was completed at the Kings Mountain facility. The plant is the largest U.S. production facility for this type of media.
 /delval/
 -0- 11/25/91 R
 /CONTACT: Kelli Kukura of Du Pont, 302-892-1109; or Kenzo Tamura or Ken Fujiwara of Mitsubishi Kasei America, 914-286-3611/
 (DD) CO: Du Pont; N.V. Philips; Philips and DuPont Optical; Mitsubishi Kasei
 America; Verbatim Corporation ST: Delaware, North Carolina IN: CHM CPR SU: JVN


CC -- PH028 -- 6896 11/25/91 13:46 EST
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Date:Nov 25, 1991
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