DuPont becomes independent company
DuPont de Nemours, Inc, which provides value-added specialised solutions to transform industries, recently announced its debut as an independent firm after its agriculture division separated through the spin-off of Corteva, Inc. The company was formerly known as DowDuPont Inc. DuPont common stock began regular trading recently on the New York Stock Exchange.
“The company expects to drive above GDP [gross domestic product] growth through disciplined innovation, a relentless focus on ROIC [return on invested capital], 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,” said DuPont executive chairman Ed Breen in a statement.
“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,” chief executive officer Marc Doyle said.
Headquartered in Wilmington, Delaware, DuPont has a presence in over 70 countries and operates nearly 170 manufacturing sites, over 10 global research and development centres and 10 global innovation centres. (DS)
Fibre2Fashion News Desk – India