Dupont De Nemours
Categories
#578
Rank
$36.03B
Marketcap
United States
Country
Ms. Lori D. Koch (Exec. VP & CFO)
Mr. Erik T. Hoover (Sr. VP & Gen. Counsel)
Industrial Manufacturing
Technology
Retail and Consumer Goods
Summary
DuPont de Nemours, Inc. provides technology-based materials and solutions in the United States, Canada, the Asia Pacific, Latin America, Europe, the Middle East, and Africa. It operates through three segments: Electronics & Industrial, Mobility & Materials, and Water & Protection. The Electronics & Industrial segment supplies materials and printing systems to the advanced printing industry; and materials and solutions for the fabrication of semiconductors and integrated circuits addressing the front-end and back-end of the manufacturing process. This segment also provides semiconductor and advanced packaging materials; dielectric and metallization solutions for chip packaging; silicones for light emitting diode packaging and semiconductor applications; permanent and process chemistries for the fabrication of printed circuit boards to include laminates and substrates, electroless, and electrolytic metallization solutions, as well as patterning solutions, and materials and metallization processes for the metal finishing, decorative, and industrial applications.
In addition, it offers various materials to manufacture rigid and flexible displays for organic light emitting diode, and other display applications, as well as provides high-performance parts, speciality silicone elastomers, and lubricants. The Mobility & Materials segment provides engineering resins, silicone encapsulants, pastes, filaments, and advanced films to engineers and designers in the transportation, electronics, renewable energy, industrial, and consumer end markets. The Water & Protection segment provides engineered products and integrated systems for worker safety, water purification and separation, transportation, energy, medical packaging and building materials. The company was formerly known as DowDuPont Inc. and changed its name to DuPont de Nemours, Inc. in June 2019. DuPont de Nemours, Inc. is headquartered in Wilmington, Delaware.
History
On December 11, 2015, E. I. du Pont de Nemours and Company, commonly known as "DuPont", announced a merger with Dow Chemical Company, in an all-stock transaction. The combined company, DowDuPont, had an estimated value of $130 billion, being equally held by both companies’ shareholders, while also maintaining its two headquarters. The merger of the two largest U.S. chemical companies closed on August 31, 2017. Both companies boards of directors decided that following the merger, DowDuPont would pursue a separation into three independent, publicly traded companies: an agriculture, a materials science, and a speciality products company.
The agriculture business—Corteva Agriscience—unites Dow and DuPont's seed and crop protection unit, with an approximate revenue of $16 billion.
The materials science segment—called Dow—consists of DuPont's Performance Materials unit, together with Dow's Performance Plastics, Materials and Chemicals, Infrastructure and Consumer Solutions, but excludes Dow's Electronic Materials business. The combined revenue for this branch totals an estimated $51 billion.
The speciality products unit—called DuPont—includes DuPont's Nutrition & Health, Industrial Biosciences, Safety & Protection and Electronics & Communications, as well as Dow's aforementioned Electronic Materials business. Combined revenue for Specialty Products totals approximately $12 billion. Advisory Committees were established for each of the businesses. DuPont CEO Ed Breen would lead the Agriculture and Specialty Products Committees, and Dow CEO Andrew Liveris would lead the Materials Science Committee. These Committees were intended to oversee their respective businesses and would work with both CEOs on the scheduled separation of the businesses’ standalone entities. Announced in February 2018, DowDuPont's agriculture division is named Corteva Agriscience, its materials science division is named Dow, and its speciality products division is named DuPont. In March 2018, it was announced that Jeff Fettig would become executive chairman of DowDuPont on July 1, 2018, and Jim Fitterling would become CEO of Dow Chemical on April 1, 2018.
In October 2018, the company's agricultural unit recorded a $4.6 billion loss in the third quarter after lowering its long-term sales and profits targets. In 2019, DuPont completed its spin-off from DowDuPont.In February 2020, DuPont announced that it is bringing back Edward D. Breen as its CEO after removing former Chief Executive Mark Doyle and CFO Jeanmarie Desmond less than a year after they assumed their roles. Lori D. Koch, previously head of investor relations, assumes the CFO position. In November 2021, DuPont announced that it intended to acquire Rogers Corporation in a deal valued at $5.2 billion. While the deal had been approved by many other regulatory agencies, due to Chinese regulators prolonging the review, DuPont decided on November 1, 2022, to walk away from the deal. DuPont paid Rogers a termination fee of US$162.5 million.
Mission
“DuPont puts science to work by creating sustainable solutions essential to a better, safer, healthier life for people everywhere.”
Vision
“At DuPont Family Vision, we are committed to providing all of our patients with the highest level of care.”
Key Team
Mr. Randy Lee Stone (Pres of Mobility & Materials)
Mr. Jon D. Kemp (Pres of Electronics & Industrial)
Mr. Daryl Roberts (Sr. VP and Chief Operations & Engineering Officer)
Mr. Michael G. Goss (VP, Controller & Principal Accounting Officer)
Ms. Alexa Dembek (Sr. VP and Chief Technology & Sustainability Officer)
Mr. Steven P. Larrabee (Sr. VP & Chief Information Officer)
Mr. Christopher H. Mecray (VP of Investor Relations)
Recognition and Awards
References
https://en.wikipedia.org/wiki/DuPont
https://www.crunchbase.com/organization/dupont
https://sec.report/CIK/0001666700
https://finance.yahoo.com/quote/DD/
https://www.comparably.com/companies/dupont/mission#:~:text=DuPont%20Mission%20Statement,%22%22
https://companiesmarketcap.com/largest-companies-by-revenue/
https://www.reuters.com/markets/companies/DD.N/
https://www.bloomberg.com/profile/company/1715651D:US
https://www.forbes.com/companies/dupont-de-nemours/
https://www.globaldata.com/company-profile/dupont-de-nemours-inc/
Ms. Lori D. Koch (Exec. VP & CFO)
Mr. Erik T. Hoover (Sr. VP & Gen. Counsel)
Industrial Manufacturing
Technology
Retail and Consumer Goods