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Thursday, March 29, 2012

DuPont accuses China of stealing titanium secrets | Times 247

DuPont accuses China of stealing titanium secrets | Times 247: It's a $17 billion-a-year industry and no one makes the whitener better than DuPont, which has been in the titanium dioxide business for 70 years and controls 20 percent of the world market. ...

As DuPont was unwilling to sell its method to China, the Chinese government stole it through a company it controlled called Pangang Group Co. Ltd., according to the diplomatically dicey economic espionage case being laid out in San Francisco federal court. ...

"Pangang Group employees, in asking me to provide DuPont trade secrets to them, overtly appealed to my Chinese ethnicity and asked me to work for the good of the PRC," longtime DuPont engineer Tze Chao said in a plea agreement signed earlier this month, referring to the People's Republic of China. Chao, 77, is the first of five people charged in the deepening case to plead guilty.







Read the original article at The Associated Press

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