China suspends antitrust investigation into DuPont's Tyvek business
July 23 (Reuters) - DuPont DD.N said on Wednesday that Chinese regulators have suspended an antitrust investigation into its Tyvek business, months after launching it amid a flare-up in trade tensions with the U.S.
The chemical company did not disclose why the probe was halted.
China's State Administration for Market Regulation launched the probe on April 4 for alleged violation of the anti-monopoly law.
It came against the backdrop of a broader wave of retaliatory measures by Beijing after the U.S. imposed steep new tariffs on Chinese goods.
Tyvek is a sterile packaging material widely used in the healthcare industry for its durability and compatibility with multiple sterilization methods.
DuPont said Tyvek sales to China totalled about $90 million in 2024, or less than 1% of its total revenue during the period.
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