DuPont de Nemours, the American multinational chemical company which traces its history back to 1802, announced plans to split into three publicly traded companies.
The company plans to spin off its electronics and water businesses into their own yet-to-be-named companies
This is the second DuPont breakup in half a decade. In 2019, DowDuPont, which was created in a DuPont merger with Dow Chemical, broke apart into three separate entities: DuPont, Dow Chemical and Corteva, the company’s agriculture business.
On Wednesday, DuPont said the newly formed electronics company would focus on “semiconductor solutions and advanced electronics products,” while the new water company would be “a comprehensive water solutions provider.” The leftover divisions will remain as part of DuPont.
12·1 month ago