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DuPont becomes an independent company

10/06/2019
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DuPont de Nemours, Inc. has announced its debut as an independent company following the successful separation of its agriculture division through the spin-off of Corteva, Inc. Formerly known as DowDuPont Inc. the company will now trade independently on the New York Stock Exchange (NYSE) under the ticker symbol ‘DD’.
DuPont becomes an independent company
(Image via DuPont).

DuPont had previously merged with Dow Chemical Company in an all-stock transaction which resulted in the formation of the world’s largest chemical company in terms of sales, when the transaction concluded in August 2017. 

“The new DuPont launches today with leading market positions in four core markets and strong geographic, customer and end-market diversification,” said Ed Breen, Executive Chairman of DuPont. “The company expects to drive above GDP growth through disciplined innovation, a relentless focus on ROIC, and a best-in-class cost structure. With these priorities, combined with active portfolio management and a commitment to capital returns, DuPont will remain intently focused on delivering value for our shareholders.”

Marc Doyle, Chief Executive Officer of DuPont, added, “DuPont is uniquely positioned to leverage its balanced portfolio, deep customer relationships, R&D expertise, and competitive operating model to win in the marketplace and drive value for all its stakeholders. The company is differentiated by its materials, ingredients and solutions expertise aligned with attractive, high-growth market trends – particularly health and wellness, advanced mobility, connectivity and sustainability – where our customer-driven innovation and value-added solutions play a transformational role.”

DuPont has a presence in over 70 countries, with headquarters in Wilmington, Delaware, and operates approximately 170 manufacturing sites, over 10 global R&D centres and 10 global innovation centres.

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