Updated: 12/19/2014 5:20 P.M.
The more things change, the more they will stay the same.
That's how DuPont Washington Works describes the transition of its Performance Products area to a new company next year.
The only change visible from DuPont will be the name-or names-on the sign.
As we first reported December 18, DuPont is spinning off its performance chemicals area of the plant to a newly-created company, Chemours.
The current site manager says while that part of the plant will be a new company, not only will the employment remain same, so will the products those employees produce.
"The future, when the spinoff is complete, is that the Washington Works site will have three companies," says Site Manager Bob Fehrenbacher. "But the products, and the employee base, will, by and large, be changed. We'll still be here, making the same products with the same people, and we'll have Chemours, DuPont and Kuraray on site."
Kuraray is the Japanese-owned company who, earlier this year, took over DuPont's Butacite manufacturing unit.
Fehrenbacher adds he will become manager of the chemours unit when the new company begins operations next July first.
Updated: 12/18/2014 6:15 P.M.
More big changes on the way for DuPont Washington Works: its Performance Chemicals division next year will have new owners.
Washington Works manager Bob Fehrenbacher says the Performance Chemicals unit is being spun off as a separate company named Chemours.
The change happens July first, affecting close to half of the plant's 1,600 employees. That means roughly half of them will be working for Chemours beginning July 1,2015.
DuPont made the announcement late Thursday.
Fehrenbacher says Chemours will have separate management and operate as its own business, sharing only utilities with DuPont.
This is the second major change at Washington Works in the past year.
Its Butacite division was sold to a Japanese company in 2013.
The DuPont corporation is considering selling or spinning-off its performance chemicals division.
The company made the announcement a day after reporting a twelve percent drop in its second quarter earnings.
In a company statement, DuPont says it's considering ways to provide growth options for its shareholders.
Robin Stemple, spokeswoman for DuPont Washington Works, says products are made at the plant for the performance chemicals division-as well as for other du-pont divisions.
Stemple added it's too early to speculate what that might mean for the local plant.
Washington Works is one of the area's largest private employers and is celebrating its 65th anniversary this month.