The company, which will report full results on Jan.
"The bigger picture is they are transforming into a solutions company, which will mean less volatility".
Dimon shareholders will control 52percentt of the new company, which will be called DimonStandard.
Current Tinypass chief executive Trevor Kaufman will lead the new company, which will be called Piano.
Plum Creek management will assume control of the company, which will bear the Plum Creek name.
The company, which will eventually double that work force, will occupy the building by March 2001.
Crompton shareholders will own 51percentt of the new company, which will be based in Middlebury.
This valued the company, which will explore for gold in Colombia, at around £30m.
Grupo Mexico already owns a Mexican railroad company, which will operate with Ferrosur.
He plans to start his own mobile game company, which will be backed by Zynga, Reuters reports.
The company, which will hold an investor presentation on Friday, has already outlined yearly savings of about $500 million.
