DuPont, on Oct. 14, acquired Coastal Training Technologies Corp., a global producer and marketer of training programs, headquartered in Virginia Beach, Va. with offices in the U.S., Mexico, Europe, Brazil, India and the Philippines.
The acquisition is part of DuPont's strategy to expand its presence in emerging markets and safety industries. The acquisition complements DuPonts current safety training and consulting business, DuPont Safety Resources.
According to a report issued by the American Society for Training and Development (ASTD), U.S. organizations alone spent approximately $50 billion on overall external training services in 2007. DuPont estimates the global market for safety training materials and programs at more than $600 million annually. E learning programs continue to be the fastest growing tools in the industry. Over a five-year period beginning in 2001, the use of technology-based programs nearly tripled -- growing from 11% to 30%.
DuPont Safety Resources offers customized consulting services and safety training materials and products that help companies improve workplace safety systems and operations. In addition to its consulting services, the business offers workplace safety and training materials, including the DuPont STOP program, which has helped thousands of employees at companies around the world prevent injuries and incidents for more than 25 years.
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