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    FISITA World Mobility Conference 2025: Key themes and concerns for the automotive industry
    One thing is abundantly clear after the FISITA World Mobility Conference (WMC) last week. Megatrends impact everything. No longer can chassis development, braking, safety validation and so forth stand alone without impact from the broader drive towards electrification, the AI revolution or SDVs, to name a few.  The event’s sessions gave the impression that electrification is already baked into the industry, particularly in Europe where the debate on (regulation-pushed) direction is ...
    Insights
    Beyond horsepower: Compute becomes the new competitive edge for OEMs
    Automotive compute power is becoming a defining metric of vehicle capability — not just for autonomy, but across cockpit systems, connectivity and life-cycle software deployment. As vehicles transition toward centralized electrical/electronic (E/E) architectures and software-defined platforms, silicon performance is now a core determinant of what a vehicle can do — and how long it will remain competitive in the field. Two metrics have emerged as industry standards for measuring this compu...
    Insights
    DuPont plans to reorganize business into three publicly traded companies
    DuPont has announced a plan to split into three separate publicly traded companies: Electronics, Water, and New DuPont. The separations of the Electronics and Water businesses will be executed in a tax-free manner to the shareholders, with New DuPont remaining as a diversified industrial company. Each of the three entities is expected to benefit from tailored capital allocation strategies, enhanced strategic flexibility, and distinct management teams, among other things. New DuPont will consi...
    News
    DuPont showcases innovative circuit materials at TPCA Show 2023
    DuPont Electronics & Industrial, a total solution and system design partner, is showcasing its extensive portfolio of advanced circuit materials and solutions at the Taiwan Printed Circuit Association (TPCA) Show 2023. The company is highlighting its innovative offerings in the face of growing demands for high-speed and high-frequency devices, miniaturization and increased functionality in electronic devices, it announced in a press release dated October 25. Yuanyuan Zhou, global busin...
    News
    DuPont opens new adhesives plant in China to serve the auto sector
    DuPont in a September 27 press release announced the official opening of its new adhesives production facility in Zhangjiagang (ZJG), China. The new manufacturing location of the company will produce adhesives to serve customers in the transportation industry, primarily in lightweighting and fast-growing vehicle electrification applications. The company said that the plant, with a capacity to serve regional needs, is designed to deliver a world-class customer experience with state-of-the...
    News
    Celanese completes EUR11 billion acquisition of DuPont’s engineering materials business
    US chemical company Celanese announced via press release on 1 November that it had completed the EUR11 billion (USD10.8 billion) acquisition of a majority of DuPont’s Mobility & Materials (M&M) business lines. According to the press release, the takeover of business lines involves acquisition of DuPont’s broad portfolio of engineered thermoplastics and elastomers, industry-renowned brands and intellectual property, and global production assets. Celanese CEO Lori Ryerkerk discus...
    News
    Novares, DuPont partner to develop battery cooling plates for EVs
    Novares and DuPont have partnered to develop hybrid plastic/metal cooling plate for electric vehicle (EV) batteries, Plastics Today reported on 12 October. Laurent Vanholme, Expert, Powertrain Components, at Novares, said, “In collaboration with Application Development Engineer Vincent Descombes and his team of experts from DuPont’s Center of Excellence for automotive electrification and assembly techniques, the engineers at our Powertrain China Skill Center were able to overcome technica...
    News
    DuPont plans to expand semiconductor facility in Delaware, US
    DuPont Semiconductor Technologies, unit of DuPont Electronics & Industrial has announced that it has planned an USD50 million expansion for its semiconductor-related business site in Glasgow Delaware, US, according to a report published by Delaware Business Now on 22 August. The Delaware Council on Development Finance granted DuPont's request. A grant of roughly USD1.6 million will be provided by the state's Strategic Fund. DuPont must meet employment targets to receive the award. DuPo...
    News
    DuPont develops lightweight polyamide-elastomer cooling lines for EVs
    American chemical manufacturer DuPont announced via press release on 15 June the launch of its new eCool technology for extrusion of multilayer cooling lines that are located inside and outside the high voltage battery pack of an electric vehicle (EV). According to the press release, the eCool technology involves the application of the company’s Zytel® polyamide co-extruded with a thermoplastic olefin elastomer to manufacture lines that will carry EV cooling fluids. DuPont stated that t...
    News
    DuPont develops polyamide busbar overmolding for high voltage xEV components
    American chemical company DuPont announced via press release on 15 June the launch of a combined material-process-service solution for overmolding bus bars in electric vehicles with its Zytel® HTN polyamide plastic material. According to the press release, insulating metal busbars (used to distribute power in xEVs) with its Zytel® HTN material offers the following advantages: The material can be easily overmolded on aluminum or copper, the most common bus bar metals The material sho...
    News
    DuPont reports Q1 2022 net sales at USD3.27 billion, up 8.63% y/y
    DuPont has reported first quarter net sales at USD3.27 billion with a year-on-year (y/y) increase of 8.63% compared to USD3.01 billion in the first quarter of 2021 for the three months ended 31 March 2022, according to a filing by the company on 2 May. Operating income was reported at USD279 million for the first quarter of 2022 compared to USD385 million in 2021. Net income was reported at USD508 million, compared to USD5.39 billion for the first quarter of 2021. DuPont’s Electronics &...
    News
    Russia-Ukraine conflict: DuPont pauses business operations in Russia and Belarus
    US chemicals company DuPont announced via press release on 15 March that it had decided to suspend its business operations in Russia and Belarus in response to the ongoing crisis in Ukraine. The company stated that it hoped that a peaceful resolution to the conflict would be achieved quickly. Significance: The company currently operates in 40 countries. The company currently runs an Innovation Center in Moscow, Russia, that focuses on science-powered innovation for the automotive indu...
    News
    Celanese acquires majority share in DuPont’s Mobility & Materials business
    Global chemical and specialty materials company, Celanese Corporation announced the signing of a definitive agreement to acquire most of the Mobility & Materials (M&M) business of DuPont for USD11 billion in, according to a company press release on 18 February. Lori Ryerkerk, chairman and CEO, Celanese Corporation, said, “The acquisition of the M&M business is an important strategic step forward and establishes Celanese as the preeminent global specialty materials company. For n...
    News
    DuPont invests USD250 million to increase polyimide and flexible circuit material production in Ohio
    US chemicals company DuPont announced via press release on 20 January that it had completed the USD250 million expansion of its Circleville, Ohio, manufacturing site to producing Kapton® polyimide film and Pyralux® flexible circuit materials. According to the press release, while the company’s Kapton® polyimide films are designed to withstand extreme temperature and vibrational environments, its Pyralux® flexible circuit materials are designed for multilayer flex and rigid-flex app...
    News
    DuPont reports financial results for fourth quarter of 2021
    American chemical company DuPont announced via press release on 8 February its financial results for the fourth quarter and full year 2021. According to the press release, the highlights of the fourth quarter of financial year (FY) 2021 results were: Net Sales of USD4.3 billion, up 14 %; organic sales up 13 % versus year-ago period GAAP Income from continuing operations of USD266 million; operating EBITDA of USD973 million GAAP EPS from continuing operations of USD0.4...
    News
    Rogers Corp releases financial results for Q3 FY 2021
    American specialty chemical company Rogers Corp announced at a press release on 2 November its financial results for the third quarter of financial year (FY) 2021–22. According to the release, the highlights of the results were: Net sales of USD238.3 million increased 1.4% versus the prior quarter from record sales in the engine management system (EMS) business unit. EMS net sales increased by 9.6% and revenues increased in all markets, led by electric vehicles/hybrid electric ve...
    News
    DuPont releases financial results for Q3 FY 2021
    American chemical company DuPont announced at a press release on 2 November its financial results for the third quarter of financial year (FY) 2021–22. According to the release, the highlights of the results were: Net sales totaled USD4.3 billion, up 18% versus the year-ago period and up 16% on an organic basis, including high-single to low-double digit volume growth across each segment. Organic sales growth during the quarter included 6% pricing gains, which primarily refle...
    News
    DuPont to buy Rogers and divest part of its Mobility & Materials business
    American chemicals giant DuPont Inc. announced via press release on 2 November that it had agreed to acquire Arizona-based specialty engineered materials company Rogers Corporation for USD5.2 billion. According to the release, the all-cash transaction is expected to close in the second quarter of 2022, subject to customary closing conditions, including approval by Rogers shareholders and receipt of applicable regulatory approvals. Under terms of the deal, Rogers shareholders are expected...
    News
    DuPont introduces Kevlar® MicroCore™ material for battery separators
    DuPont has introduced a new high-temperature-resistant, super fine fiber material called DuPont™ Kevlar® MicroCore™, according to a company press release on 17 May. The material is planned for use in battery separators to help cater to the growing demand for safer, higher- performing lithium-ion batteries for electric vehicles (EVs). DuPont is working in collaboration with NIPPON KODOSHI CORPORATION (NKK), a Japan-based separators manufacturer for energy devices including lithium-ion bat...
    News
    DuPont investing USD5 million in R&D and manufacturing in Europe
    DuPont Mobility & Materials is investing USD5 million in capital and operating resources at its manufacturing facilities in Germany and Switzerland to increase capacity for its high-performance automotive adhesives, the company said in a press release on 17 May. “As we see continued recovery of the global automotive market, we’re closely collaborating with our customers in Europe to deliver innovative advanced mobility solutions to meet their business needs,” said Tina Wu, VP and ge...
    News
    DuPont Mobility & Materials rebrands silicone masterbatches portfolio as MULTIBASE™
    DuPont Mobility & Materials is rebranding its full portfolio of silicone masterbatches for thermoplastics as MULTIBASE™ products, according to a company press release. The new brand took effect this month and applies to all legacy Dow Corning silicone-based masterbatch products. Significance: Jacek Madry, global business leader—Hytrel®, MULTIBASE™, Vamac®, DuPont noted, “As market trends, competition, regulations, and applications evolve, polymer manufacturers often face ne...
    News
    DuPont to build USD30-million plant for vehicle adhesives in Jiangsu, China
    DuPont has announced that it is investing roughly USD30 million to build a new production facility in mainland China in Zhangjiagang, Jiangsu Province. According to a company press release on 20 April, the new facility will produce adhesives for the transportation industry, to cater to demands for vehicle electrification and lightweighting applications. The company will begin construction in the third quarter of 2021 and expects to be operational by early 2023. DuPont will build the facility at ...
    News
    Magna, DuPont partner to develop lighter liftgate
    Canadian supplier Magna International and chemical giant DuPont have entered a partnership to develop lightweight liftgate, according to a report by Automotive News on 22 February. The two companies have developed a bond that provides rigidity and strength to the liftgate's joints. For this, DuPont's Betaseal structural adhesive systems were customized for use on low-surface energy substrates. According to the companies, the adhesive is not just a bonding feature, but also a sealing feature. The...
    News
    3D-printing startup Azul 3D enter development collaboration with DuPont
    3D-printing startup Azul 3D has formed an exclusive development collaboration with DuPont Electronics & Imaging to bring next-generation 3D printing technologies to the forefront of the electronic materials industry. Azul’s high-area rapid printing (HARP™) technology uses a proprietary version of stereolithographic printing, a type of 3D printing that converts liquid plastic into solid objects using ultraviolet light. HARP prints vertically at speeds up to 18 inches per hour, and over...
    News
    DuPont reports USD571 net loss for Q2
    DuPont has reported a net loss of USD571 million for the second quarter ended 30 June 2019, compared with a net profit of USD1.7 billion in the same period a year ago, according to a company press release on 1 August. Net sales for the period were down 6.6% y/y to USD5.5 million, while loss from continuing operations before income taxes amounted to USD948 million, compared with income from continuing operations before income taxes of USD130 million in the second quarter of the previous year. The...
    News
    DuPont, ExxonMobil develop new thermoplastic vulcanizates for automotive seals
    DuPont's transportation and industrial unit and ExxonMobil Chemical’s specialty elastomers business have jointly developed a new thermoplastic vulcanizate (TPV)—Santoprene—for automotive corner mold seals, Plastics News reported on 1 July. “Our successful collaboration with ExxonMobil Chemicals has achieved much more than cutting-edge TPV products,” said Christophe Paulo, marketing manager for DuPont. He added, “It has also laid the foundation for future products that take ad...
    News
    DowDuPont’s Q1 net income down 52.8% y/y to USD520 million
    DowDuPont has reported a 52.8% year-on-year (y/y) decline in net income to USD520 million for the first quarter ending 31 March, according to a company press release on 2 May. Net sales for the period were down 8.8% y/y to USD19.6 million, while income from continuing operations before income taxes amounted to USD780 million, a decline of 49.4% y/y. The company also posted integration and separation related costs of USD813 million in the first quarter of 2019. In terms of division, ...
    News
    Auto Shanghai 2019: DuPont showcases lightweight material solutions for electric, hybrid vehicles
    DuPont Transportation & Advanced Polymers (T&AP), a business unit of DowDuPont Specialty Products Division, is showcasing a range of lightweight material solutions for electric and hybrid vehicles at the ongoing Auto Shanghai 2019 in China, according to a company press release on 17 April. The company also introduced a series of applications from its innovative electric and hybrid vehicle solutions portfolio. The anticipated release of practical applications is the first since the compan...
    News
    DuPont to expand production of Kapton polyimide film and Pyralux flexible circuit materials in US
    DuPont Electronics & Imaging has announced that the company is investing USD220 million to build new production assets at its Circleville, Ohio, plant in the United States, according to a company press release on 6 March. The new assets will help the company expand production of DuPont Kapton® polyimide film and Pyralux flexible circuit materials to meet growing demand from automotive, consumer electronics, telecom, and defense industries, the company said. The company expects the new asset...
    News
    DowDuPont board approves separation of Materials Science division to create new ‘Dow’
    DowDuPont has announced that its board has approved the separation of materials science division, paving the way for the creation of the new ‘Dow’, according to a company press release on 8 March. Subsequently, Dow will be an independent, publicly traded company that will list on the New York Stock Exchange on or about 20 March under the ticker symbol "DOW WI" on a when-issued basis and then begin regular-way trading 2 April under the ticker symbol "DOW," according to the company. DowDuPont ...
    News
    DowDuPont’s FY 2018 net income up more than twofold y/y to USD3.8 billion
    DowDuPont, formed after a merger between Dow Chemical and DuPont, has reported a more than twofold year-on-year (y/y) growth in net income to USD3.8 billion for the fiscal year ended 31 December 2018, according to a company press release on 31 January. Net sales for the period were up 37.5% y/y to USD85.9 billion. Income from continuing operations before income taxes amounted to USD5.5 billion, up more than fourfold y/y. For the full year, sales in the company’s Performance Materials & ...
    News
    DuPont to build new specialty materials manufacturing facility in china
    DuPont will build a new plant in Zhangjiagang, Jiangsu Province in East China to produce compounded high-end engineering plastics and adhesives for diverse industries including transportation, electronics, industrial and consumer products, according to a company press release on 8 November. The company plans to invest more than USD80 million to build the facility, which is expected to become operational in 2020 with expansion through 2023. The new compounding lines at the facility will produc...
    News
    DowDuPont's Q3 net income down 3.3% y/y to USD497 million
    DowDuPont, formed after a merger between Dow Chemical and DuPont, has reported a 3.3% year-on-year (y/y) decline in net income to USD497 million for the third quarter ended 30 September 2018, according to a company press release on 1 November. Net sales for the period were up 10% y/y to USD20.1 billion. Income from continuing operations before income taxes amounted to USD855 million, down 24% y/y. The company spent USD740 million on research and development (R&D) in the third quarter, up 40....
    News
    DuPont introduces new bio-based polyamide for SMT connectors and electrical components
    DuPont Transportation & Advanced Polymers (T&AP), a newly formed business segment within DowDuPont’s Specialty Products Division, has launched, Zytel HTNFR42G30NH, a new non-halogenated flame-retardant high-performance bio-based polyamide, according to a press release on 15 October. the new bio-based polyamide is ideal for use in SMT (Surface Mount Technology) connectors and a broad range of electrical components. “This new offering is a great addition to our broad Zytel polyamide...
    News
    DuPont launches new thermoplastic polyester elastomer for automotive inboard CVJ boots
    DuPont Transportation & Advanced Polymers (T&AP), a newly formed business segment within DowDuPont’s Specialty Products Division, has launched Hytrel HTR8745 BK320, a new grade of thermoplastic polyester elastomers (TPC-ET), according to a press release on 15 October. DuPont said the new TPC-ET is ideal for blow molding of constant velocity joint (CVJ) inboard boots. Significance: DuPont first launched Hytrel for automotive CVJ outboard boots in 1984. DuPont Hytrel product fami...
    News
    DuPont unveils long-chain polyamide for automotive fluid management tubes
    DuPont Transportation & Advanced Polymers (T&AP), a newly formed business segment within DowDuPont’s Specialty Products Division, has expanded its Zytel® long-chain polyamide (LCPA) materials portfolio with the addition of Zytel® LC7603 and Zytel® LC7201, according to a press release on 15 October. the new materials are ideal for diesel and gasoline fuel lines, SCR AdBlue® lines plus filler neck pipes, air brake tubes and coolant pipes for both gas combustion and electric/hybrid ve...
    News
    DuPont launches thermoplastic PBT polyester resins for EV/HEV connectors
    DuPont Transportation & Advanced Polymers, a newly formed business segment within DowDuPont’s Specialty Products Division,  has launched two new ‘Crastin’ thermoplastic polybutylene terephthalate (PBT) polyester resins – FR684NH1 OR162 and HR5330HFS OR516 – for high-voltage connectors used in electric and hybrid-electric vehicles, according to a press release on 15 October. “We’re delighted to introduce these new fully-color-compounded products that meet automotive OEM ...
    News
    Automotive Plastics
    The automotive industry forms a major clientele for engineering plastics, and the usage of advanced plastics has been on a steady increase for cars. The average weight of plastics and polymer composites used in a car is easily above 160 kg and is increasing. In terms of volume, these plastics account for more than 50% of the total vehicle volume. Not surprising then that the global automotive plastics market is expected to be worth over USD50 billion in annual sales value by 2024. The deman...
    Insights
    DowDuPont’s Q1 net income up 24.3% y/y to USD1.1 billion
    DowDuPont, formed after a merger between Dow Chemical and DuPont, has reported a 33.8% year-on-year (y/y) growth in net income to USD1.76 billion for the second quarter ended 30 June 2018, according to a company press release yesterday (2 August). Net sales for the period were up 75.2% y/y to USD24.2 billion. Income from continuing operations before income taxes amounted to USD2.36 billion, up 30.5% y/y. The company spent USD803 million on research and development (R&D) in the second quarter...
    News
    DowDuPont to expand specialty materials production capacity at US facility
    DowDuPont plans to invest around USD100 million over the next two years to expand production of specialty materials at its site in Orange County, Texas (United States), according to a press release in April. The investment will increase production capacity of Surlyn-brand ionomer, Nucrel-brand ethylene acid copolymers, Vamac-brand ethylene acrylic elastomers, and Fusabond-brand recycling modifiers. The added capacity is expected to come online in several phases starting in 2020. Significance:...
    News
    DuPont to exhibit Vamac ethylene acrylic elastomers for automotive applications at DKT 2018 conference
    DuPont will exhibit its Vamac ethylene acrylic elastomers for automotive applications at the German rubber conference Deutsche Kautschuk-Tagung (DKT) 2018 from 2 to 5 July in Nuremberg, Germany, according to a company press release yesterday (13 June). Significance: The company said Vamac offers superior thermal and chemical resistance. It helps provide longevity in powertrain applications and air management systems, while offering long-term durability in other environments that are subj...
    News
    DowDuPont’s Q1 net income up 24.3% y/y to USD1.1 billion
    DowDuPont, formed after a merger between Dow Chemical and DuPont, has reported a 24.3% year-on-year (y/y) growth in net income to USD1.1 billion for the first quarter ended 31 March 2018, according to a company press release. Net sales for the period were up 62.5% y/y to USD21.51 billion. Income from continuing operations before income taxes amounted to USD1.54 billion, up 36.7% y/y. The company spent USD768 million on research and development (R&D) in the first quarter, up 83.2% y/y. Sal...
    News
    DowDuPont expands production of Zytel HTN polyamide resins in Belgium
    DowDuPont Transportation & Advanced Polymers, a business segment of DowDuPont’s Specialty Products Division, plans to increase production capacity of its Zytel HTN high-performance polyamide (PPA) resin, in Mechelen, Belgium, according to a press release. The company will install a new production line, which is scheduled to come on stream in the fourth quarter of 2017. “We continue to invest in our compounding capacity across regions to ensure we can meet the strong growth in demand f...
    News
    DowDuPont reports pro forma net sales of USD18.3 billion for Q3
    DowDuPont, formed as a result of a merger between Dow Chemical and DuPont, has reported pro forma sales of USD18.3 billion for the third quarter ended 30 September 2017, up 8% y/y, according to a company press release. GAAP net sales were USD15.4 billion. The company posted gains in both volume and price. DowDuPont’s unaudited pro forma financial statements are based on the historical consolidated financial statements of Dow andDuPont, adjusted for activities that are directly attributable to ...
    News
    DowDuPont completes comprehensive portfolio review
    The board of directors and management of DowDuPont, the combined company formed as a result of the merger of Dow and DuPont, have completed a comprehensive review of the portfolio composition of the three planned spinoffs and decided to make certain changes, according to a press release yesterday (12 September). DowDuPont has decided to move certain businesses from the Materials Science Division to the Specialty Products Division. These businesses include Dow’s Automotive Systems’ adhesives ...
    News
    Dow, DuPont complete merger to form DowDuPont
    Chemical companies Dow Chemical and DuPont announced last week Friday (1 September) that the companies had successfully completed their planned USD130 billion merger to form DowDuPont. According to a joint press release, each company's shares stopped trading at market close on 31 August, with the combined DowDuPont listing today under ticker symbol ‘DWDP’. Post-merger, Dow and DuPont are expected to break up into three independent, publicly traded units – agriculture, material sciences and...
    News
    DuPont’s Q2 net income down 18.3% y/y to USD862 million
    Chemicals company DuPont reported an 18.3% year-over-year (y/y) decline in net income to USD862 million for the second quarter ended 30 June 2017, according to a company press release. Income from operations before income taxes stood at USD987 million, down 25.9% y/y. DuPont recorded lower profit despite witnessing 5.1% y/y growth in sales to USD7.42 billion. Sales in the Performance Materials segment, which caters to the automotive industry, grew by 3.4% y/y to USD1.4 billion. Higher sales c...
    News
    DuPont Electronics, TactoTek to jointly develop ‘injection molded electronics’ solutions
    Electronic materials provider DuPont Electronics and Communications (DuPont) and TactoTek, a Finnish designer and producer of injection molded electronics (IME) solutions, are collaborating to jointly develop injection molded electronics (IME) solutions, TactoTek announced in a press release last month. Under the collaboration, DuPont will offer advanced materials, while TactoTek will provide its innovative designs focusing on touch controls, illumination, and connected intelligence for automoti...
    News
    Dow, DuPont win US antitrust approval for merger
    DuPont and The Dow Chemical Company have won approval from the Antitrust Division of the United States Department of Justice (DOJ) to merge on condition that the companies divest certain crop protection products and other assets, according to a joint press release by the companies. As per a court filing, the asset divestment required by US antitrust was similar to what the two companies had already agreed to in a deal with European regulators in March this year. As per the conditional approval, ...
    News
    European Commission approves Dow, DuPont merger
    The European Commission (EC) has approved the proposed merger between US-based chemical companies Dow and DuPont, the two companies said in a joint press release last week (27 March). The approval is conditional on the divestiture of major parts of DuPont's global pesticide business, including its global research and development (R&D) organization, reports Plastics News Europe. The EC had concerns that the merger would have reduced competition on price and choice in a number of markets for e...
    News
    IACMI, DuPont and Purdue partner on automotive carbon-fibre composites
    The Institute for Advanced Composites Manufacturing Innovation (IACMI), in partnership with DuPont Performance Materials, Fibrtec and Purdue University, has launched a project aimed at decreasing the cost of manufacturing and increasing design flexibility for automotive composites, according to the IACMI website. The IACMI’s partners will contribute their own proprietary technologies toward researching ways to re-engineer carbon fibre composites. “By partnering with the industry to solve ...
    News
    European Commission opens probe on Dow, DuPont merger
    The European Commission (EC) has initiated a Phase II review of the proposed merger of Dow Chemicals and DuPont, saying the deal may reduce competition in areas such as crop protection and seeds and some petrochemicals, report Reuters. The executive arm of the European Union said that the proposed USD130-billion merger would create integrated crop protection and seeds company that may also hurt innovation.    Dow Chemicals and DuPont said in a combined statement that they expected a...
    News
    Dow, DuPont merger gets shareholders’ approval
    Dow Chemical and DuPont each held special meetings of their shareholders last week (20 July) to seek approval for the merger between the two companies. According to a press release, the shareholders of both companies voted to approve all stakeholders proposals necessary to complete the merger transaction. Dow and DuPont expect the merger to close in the second half of this year, subject to customary closing conditions, including regulatory approvals.   "The overwhelming support of Dow ...
    News
    Dow and DuPont announce senior leadership appointments for DowDuPont
    Dow Chemical and DuPont, which agreed to merge their businesses in December 2015, have announced appointments for the senior leadership team of the merged company DowDuPont, according to a company press release yesterday. As earlier announced, Anderw N Liveris, chairman and CEO of Dow, will become executive chairman of DowDuPont, and Edward D. Breen, chairman and CEO of DuPont, will become CEO of the merged company. Howard Ungerleider, who is currently vice-chairman and chief financial offi...
    News
    DuPont’s Q1 net income up 18.9% y/y to USD1.23 billion, provides update on merger with Dow Chemical
    Chemicals company DuPont reported an 18.9% year-over-year (y/y) increase in net income to USD1.23 billion, the company said in a press release early this week (25 April). Income from operations before income taxes improved 5.4% y/y to USD1.63 billion. DuPont recorded higher profit despite witnessing 5.8% y/y decline in first quarter sales to USD7.4 billion. The company attributed improved profit to reduction in cost of goods sold and operating costs compared with the same period a year earlier. ...
    News
    Honeywell partners with China-based Juhua to produce automotive refrigerant
    Honeywell has entered into a supply agreement with China-based chemical company Juhua Group Corporation to produce automotive refrigerant Solstice®, the company said in a press release. Juhua will manufacture Solstice, also known as HFO-1234yf, for Honeywell and the US supplier will sell the product to its customers in the United States and Europe. The Chinese chemical supplier is expected to begin production by the end of this year. Apart from meeting demand in the United States and Europe, Ho...
    News
    Dow’s net income more than doubles y/y to USD7.3 billion in 2015
    Dow Chemical’s net income increased to USD3.5 billion for the fourth quarter ended 31 December 2015 from USD734 million in the corresponding period of the previous year, according to a company press release. Net sales were down 20.3% y/y to USD11.4 billion, while the income before taxes increased to USD4.1 billion from USD1.1 billion in the similar period of the previous year. Dow Chemical operates its business through six segments: Agricultural Sciences, Consumer Solutions, Infrastructure...
    News
    DuPont’s net income down 46% y/y to USD2 billion in 2015
    DuPont reported net loss of USD253 million during the fourth quarter ended 31 December 2015, against net profit of USD683 million in the corresponding period of the previous year, according to a company press release. Net sales for the period stood at USD5.2 billion, down 10.3% year-on-year (y/y), and loss before income taxes stood at USD421 million against income before taxes of USD824 million in the similar period of the previous year. DuPont operates its business through six segments, of ...
    News
    DuPont announces 1,700 job cuts in US before Dow merger
    DuPont has announced that it will cut 1,700 jobs in Delaware, United States, ahead of the USD130 billion merger announced earlier this month, an Automotive News report said. The move reflects an "urgent need to restructure" the company cost base and, "as part of that effort reduce corporate overhead costs", DuPont CEO Ed Breen wrote in a letter to employees on Tuesday. The announcement in the middle of the holidays was a legal requirement to inform the state about the job cuts by the end of...
    News
    Dow Chemical’s investor seeks removal of company’s CEO Andrew Liveris – report
    Activist investor and founder of hedge fund Third Point Daniel Loeb has sought removal of Dow Chemical’s chairman and CEO Andrew Liveris, reports Bloomberg citing a person familiar with the development. Third Point owns 2% stake in Dow and has been critical of the chemical company’s performance in the recent past. Earlier this month, Loeb had complained about Dow’s shareholders return and called for a search of new CEO. He also questioned whether investors are funding Liveris personal spen...
    News
    Dow Chemical, DuPont receive board of directors approval for merger
    The boards of directors of Dow Chemicals and DuPont have approved a definitive agreement under which the two companies will combine in an all-stock merger, the companies announced in a press release on 11 December. The combined company will be called DowDuPont. The merger is expected to close in the second half of 2016, subject to regulatory approvals; following which both companies plan to spin off the new company into three public companies through tax-free spin-offs. This spin-off is expected...
    News
    DuPont, Dow Chemical in advanced stage of merger talk—report
    DuPont is in advanced stage of talks to merge with rival Dow Chemicals, people with knowledge of the matter told Bloomberg. An agreement on what would be the largest deal in chemical industry could be announced as early as this week. After the merger, the combined company, with market capitalization of over USD130 million, would be broken into three businesses—agriculture, specialty chemicals and commodity chemicals—to deal with regulatory clearance and other challenges, according to the rep...
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    Management changes (Issue 9, 2015)
    Accuride has announced several changes in its senior management team, the company said in a press release. The company has appointed Scott D. Hazlett as president, Wheels business unit, Gregory A. Risch as president, Gunite and Michael A. Hajost as senior vice-president and chief financial officer (CFO). All three senior executives will report to Rick Dauch, president of Accuride. Hazlett will be responsible for integrating Gianetti Ruote joint-venture and global growth of Accuride’s Wheels bu...
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    DuPont appoints Edward D. Breen as company’s CEO
    DuPont has appointed Edward D. Breen as the company’s chairman and CEO, effective immediately, according to a company press release. Breen has been serving as interim chairman and CEO of DuPont since 16 October 2015 and joined the company’s board in February 2015. Previously, Breen served as CEO of Tyco International from 2002 to 2012. Breen was looking after the design and implementation of the action plan of Tyco, which included reviving the company from near bankruptcy. During his ten...
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    DuPont consolidates business units
    DuPont has consolidated its Packaging & Industrial Polymers business unit with its DuPont Performance Polymers business, and Protection Technologies business with the DuPont Building Innovations business, according to a company press release.  These consolidations will be effective from 1 January 2016. The company will continue reporting in six segments. Patrick E. Lindner, currently president of DuPont Performance Polymers, will lead the Performance Materials reporting segment, whi...
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    Management changes (Issue 8, 2015)
    Alcoa has appointed Roy Harvey, executive vice-president, Human Resources and Environment, Health, Safety and Sustainability, as new president of Global Primary Products (GPP. In his new role, Harvey will succeed Bob Wilt, effective immediately. Allison Transmission Holdings has appointed Michael A. Dick as senior vice-president, operations and purchasing, replacing David L. Parish, according to a company press release. Dick’s appointment is effective 1 January 2016. He has been working wi...
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    Daimler agrees to use R1234yf refrigerant in certain Mercedes-Benz models to comply with EU norms
    From 2017, Mercedes-Benz will offer the S-Class and E-Class in Europe as the first production passenger cars equipped with CO2 air-conditioning systems, the Stuttgart-based automobile manufacturer said in a statement on Tuesday (20 October). The company claims that the CO2 air-conditioning systems are based on the DIN specifications defined by the automotive standards committee of the German Association of the Automotive Industry (VDA). Mercedes-Benz said the use of CO2 as a refrigerant woul...
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    DuPont appoints Jon D. Kemp as president, Electronics and Communications
    DuPont has appointed Jon D. Kemp as president of its Electronics and Communications business, effective 1 November, according to a company press release. In his new role, Kemp succeeds David B. Miller, who will retire after 34 years with the company. Kemp will report to James C. Collins Jr., DuPont’s executive vice president. Prior to this new appointment, Kemp was working as global business director for DuPont’s Circuit and Packaging Materials business. Kemp joined DuPont in 2005 un...
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    Management changes (Issue 7, 2015)
    Akebono Brake Industry has announced certain personnel changes, effective 1 September 2015. The company has appointed Yoshimasa Ogino as in-charge of North American operations and Kazuo Matsumoto in-charge of Asian operations. Additionally, Jean de Montlaur has been appointed as senior managing executive officer in charge of European operations as well as assistant to president and CEO. In addition to his new role, Montlaur will continue to serve as CEO of Akebono Europe SAS. Meanwhile, Akebono ...
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    DuPont appoints Jeanmarie F. Desmond as vice-president, financial controller
    DuPont has appointed Jeanmarie F. Desmond as its vice-president and finance controller, effective 17 August, according to a company’s press release on 19 August. Desmond succeeds Barry J. Niziolek who will retire in September after serving the company for 34 years. Desmond joined DuPont in 1989 and his most recent post was as general auditor and chief ethics and compliance leader. In her career spanning more than 25 years at DuPont, Desmond has held leadership roles in controllership, inve...
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    Axalta commences secondary offering of 30 million common shares
    Axalta Coating Systems has priced a secondary offering of its 30 million common shares at USD29.75 per share, said a company press release. The shares are being offered by certain affiliates of The Carlyle Group. Also, the selling shareholders have granted the underwriters a 30-day option to purchase up to an additional 4.5 million common shares. The company will not receive any proceeds from the offering, including from any exercise by the underwriters of their option to purchase additiona...
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    DuPont’s Q2 net income down 12% y/y to USD940 million
    DuPont’s net income declined 12.1% year-on-year (y/y) to USD940 million in the second quarter ended 30 June 2015, the company said in a press release yesterday (28 July). Net sales for the period stood at USD8.6 billion, down 12.3% y/y, and income before income taxes stood at USD1.17 billion, down 14.3% y/y. DuPont operates its business through seven segments, of which only two segments – Performance Chemicals and Performance Materials – cater to the automotive industry. Performance Ch...
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    DuPont installs moulding machines R&D centre in China
    DuPont Performance Polymers has installed a 3D Suction blow-moulding machine and a 450-ton injection moulding machine China to support its application development capabilities in the Asia-Pacific region, said a company press release yesterday (9 July). The newly-added injection moulding machine and a 3,800 square foot DuPont Shanghai Innovation Center are co-located in China R&D centre. “The new injection moulding equipment expands the tools and resources available to customers in Chin...
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    Management changes (Issue 5, 2015)
    Akebono Brake has appointed Hisashi Mori as president and CEO of Akebono Brake Mexico S.A. de C.V., says a press release. Currently, Mori is vice-president of Akebono Brake Mexico S.A. de C.V. Hiroaki Sakamoto will assume the role of director of sales Akebono Brake Corporation from the current role of executive vice-president of Akebono Brake Mexico S.A. de C.V. The new roles will become effective on 1 July 2015. Brose has named Mike Brosseau new president for its North American subsidiary, ...
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    DuPont completes spin-off of Performance Chemicals segment
    DuPont has completed the spin-off of its Performance Chemicals segment, The Chemours Company, according to a company press release on 1 July. Chemours is listed on the New York Stock Exchange (NYSE) under the symbol “CC”. DuPont’s stockholders will receive one share of common stock of Chemours for every five shares of DuPont and will receive cash in lieu of fractional Chemours shares. “The next generation DuPont is leaner and more efficient, better able to capitalize on key capabilit...
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    DuPont appoints Philippe Hanck as business director, Performance Polymers in Asia-Pacific
    DuPont has appointed Philippe Hanck as business director, Performance Polymers, in Asia-Pacific, said a company press release yesterday (17 June). In his new role, Hanck will be responsible for the growth of DuPont's performance polymers business in automotive, consumer electronics and other industries. He will lead teams in China, Japan, Korea, India, South East Asia, and Australia. Hanck joined DuPont in 1987 in sales and marketing in France. In 1995, he joined DuPont Engineering Polymers ...
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    DuPont expands nylon production in Germany
    DuPont Performance Polymers has increased production capacity of DuPont™ Zytel® PA 66 and PA 6 by 20% at its Uentrop facility in Hamm, Germany, according to the company’s press release on 15 June. “Nylon continues to be the starting point for many product designers because it’s versatile, easy to mold and offers exceptional long-term performance in the most challenging environments. In many ways, nylon defined the category of Engineering Polymers and continues to redefine where plastics...
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    Yokohama Rubber develops hose for automotive air-conditioning units
    Yokohama Rubber has developed AC6B-11, a hose for automotive air-conditioning units ideal for car air-conditioners that use refrigerant HFO-1234yf, the company announced in a press release on Thursday (30 April). The inside of the new hose has a coating of polyamide resin to prevent leakage of the refrigerant which releases some acid which in turn corrodes the hoses. To protect hoses from corrosions, Yokohama Rubber mixed an acid acceptor into the polyamide resin which prevents leakages. The...
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    DuPont’s Q1 net income down 28% y/y to USD1.03 billion
    DuPont’s net income declined 28% year-on-year (y/y) to USD1.03 billion in the first quarter ended 31 March 2015, the company said in a press release yesterday (22 April). Sales for the period stood at USD9.2 billion, down 9.9% y/y, and income before taxes stood at USD1.6 billion, down 11.1% y/y. DuPont operates its business through seven segments, of which only two segments – Performance Chemicals and Performance Materials – cater to the automotive industry. Performance Chemicals' sale...
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    Berkshire Hathaway to buy stake in Axalta Coating Systems
    An affiliate of Berkshire Hathaway entered into a definitive stock purchase agreement with certain affiliates of The Carlyle Group for purchase 20 million of Axalta’s common shares for USD560 million, or USD28 per share, said a Axalta press release on 7 April. "We are pleased to have Berkshire Hathaway Inc. take this share ownership position in Axalta... Berkshire is the type of quality investor that Axalta has been fortunate to attract since our IPO last year. We believe this investment shows...
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    Joint-ventures (Issue 1, 2015)
    Company JV Partner(s) Area of operation Comment Axalta Coatings Shanghai Kinlita Advanced coating technologies Philadelphia-based Axalta Coatings and Chinese company Shanghai Kinlita Chemical Company have signed an agreement to form a joint-venture (JV) in China, the US company says in a news release. The new JV will focus on the ...
    Insights
    Mergers & acquisitions (Issue 1, 2015)
    Company JV Partner(s) Area of operation Comment Axalta Coatings Shanghai Kinlita Advanced coating technologies Philadelphia-based Axalta Coatings and Chinese company Shanghai Kinlita Chemical Company have signed an agreement to form a joint-venture (JV) in China, the US company says in a news release. The new JV will focus on the ...
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    DuPont’s net income down 25% y/y to USD3.63 billion in 2014
    DuPont’s net income declined 25.2% year-on-year (y/y) to USD3.63 billion in financial year ended 31 December 2014, the company said in a press release yesterday (27 January). Sales for the period stood at USD34.7 billion, compared with USD35.7 billion in 2013, down 3% y/y due primarily to portfolio changes and negative currency impacts. Operating income for the period grew 44% y/y to USD4.9 billion. Despite increase in volumes, earnings went down in 2014 due largely to stronger dollar. DuP...
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    Axalta Coatings, Shanghai Kinlita form JV in China
    Philadelphia-based Axalta Coatings and Chinese company Shanghai Kinlita Chemical Company have signed an agreement on 12 January to form a joint-venture (JV) in China, the US company says in a news release. The new JV will focus on the commercial vehicle truck market in China and will provide advanced coating technologies. "We are very pleased to be signing this joint venture agreement for deeper cooperation with Kinlita," said Michael Cash, senior vice-president of Axalta Coating Systems and pre...
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    Borealis's Q3 net profit up 41% y/y to USD235 million
    Borealis’ net profit increased 41% year-on-year (y/y) to EUR185 million (USD234.6 million, 30 September 2014) in the third quarter ended 30 September 2014, the company said in a press release. The company recorded a 2% y/y decrease in net sales to EUR2 billion (USD2.53 billion). During the first nine months ended 30 September 2014, Borealis reported a 56.36% y/y increase in net profit to EUR430 million (USD545.46 million), while net sales increased 6% y/y to EUR6.35 billion (USD8.06 billio...
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    Axalta Coating Systems renews powder coatings JV in China; commences IPO
    Axalta Coating Systems has renewed its joint-venture (JV) partnership with the Huajia division of China-based Yongjia Group under a new name, Axalta Huajia Coatings, according to a press release. Axalta Huajia is focusing on expanding production capacity and product offerings to meet growing demand from its customers in China for powder coatings solutions. Early in 2014, the JV added new capacity at its Qingpu manufacturing plant to increase powder coating capacity. The JV launched Alesta® Zero...
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    Honeywell, DuPont car refrigerant deal may be illegal, says EU
    The European Commission has expressed concern over the joint-development and subsequent production agreements between Honeywell and DuPont for HFO-1234yf, the only car air-conditioning refrigerant that meets the current European Union (EU) Mobile Air-Conditioning (MAC) Directives, according to a press release. The Commission sent its Statement of Objections to the two US-based suppliers expressing its preliminary view that the agreements might have limited HFO-1234yf availability and technologic...
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    DuPont expects rapid transition to new HFO-1234yf refrigerant in vehicle air-conditioning
    US-based chemical company DuPont expects rapid transition to new HFO-1234yf refrigerant for automotive air-conditioning in vehicles, according to the company’s press release. The company expects to see the deployment of the refrigerant in three million cars by 2014-end, and in seven million by 2015-end. Commenting on the automotive industry’s movement toward HFO-1234yf, Kathryn K. McCord, global business director, DuPont Fluorochemicals, said, “Action to adopt this more sustainable ref...
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    EU threatens to take German government to European Court of Justice over its backing of Mercedes-Benz in refrigerant row
    The row between the European Union, the German government, and Mercedes-Benz over the latter's refusal to stop using the outlawed R134a air-conditioning refrigerant has escalated, according to a Reuters report. The EU's legal arm, the European Commission, has demanded that the German government stop backing Daimler's main passenger car unit's stance or else face the threat of being taken to the European Court of Justice (ECJ) over the matter, while fines may also be levied. Mercedes-Benz first r...
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    Borealis acquires full ownership of Speciality Polymers Antwerp
    Borealis bought acquired yesterday (1 September) the full ownership of Speciality Polymers Antwerp N.V. (SPA), by acquiring the entire DuPont Holding Netherland’s stake in SPA, says a company press release. "The acquisition of the full ownership of Speciality Polymers Antwerp is in line with our strategy to grow our polyolefin business in specific market areas", said Mark Garrett, Borealis chief executive. Previously, SPA, based in Zwijndrecht, Antwerp, Belgium, was a joint venture bet...
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    Axalta Coating to expand Mexican facility; seeks to raise USD1 billion through IPO in US
    Axalta Coating Systems plans to invest USD10.5 million in Tlalnepantla, Mexico, to expand manufacturing capacity of resins used in the production of transportation coatings, says a company press release. "This investment underscores the company’s commitment to support our continued growth in Mexico with locally produced coatings... The investment will support Axalta customers in the light vehicle OEM and commercial transportation markets. In addition to manufacturing products for Mexico, the e...
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    Dupont’s net income up 4% y/y to USD1.07 billion in Q2 2014
    DuPont’s net income increased 4% year-on-year (y/y) to USD1.07 billion in the second quarter (Q2) ended 30 June 2014 from USD1.03 billion in the same period of the previous year, says a company press release. Sales decreased 1% y/y to USD9.7 billion from USD9.8 billion in second quarter of 2014. Segmentally, Performance Chemicals' sales were down 8% y/y to USD1.7 billion in the second quarter of 2014 primarily due to low prices for refrigerants and fluoropolymers. Performance Materials' sa...
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    DuPont appoints Stacy L. Fox senior vice-president and general counsel
    DuPont has appointed Stacy L. Fox as senior vice-president and general counsel, effective 1 October, says a company press release. Stacy will succeed Thomas L. Sager, who will retire in August. “Stacy comes to us as a proven leader with exceptional experience as a lawyer and business executive. She will play an important role in supporting DuPont’s growth," said DuPont CEO Ellen Kullman. In her recent roles, she served as the deputy emergency manager of Detroit under Michigan’s Governo...
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    French court upholds decision to rescind Mercedes sales ban
    France's top administrative court has upheld its original decision to allow Mercedes-Benz to continue to sell cars that use the outlawed R134a air-conditioning refrigerant on cars that underwent type approval after 2011. The decision cements the temporary decision the court made on the issue back in August last year.   Significance: At the beginning of 2013 the EU outlawed the R134a air conditioning refrigerant as part of its MAC directive which was designed to ban air-conditioning sy...
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    Management changes (Issue 3, 2014)
    DuPont’s Chief Marketing & Sales Officer Scott Coleman has resigned. Coleman was leading DuPont’s marketing and sales practices and competencies, marketing services and the DuPont Brand. The comp Akebono Brake has promoted, Kazuo Matsumoto from officer-in-charge of Manufacturing to in-charge of the Association of Southeast Asian Nations (ASEAN) region, while Seiji Onoda has been promoted from head of Manufacturing to in-charge of the China region. Furthermore, Masahiro Miyamo...
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    DuPont net income down 57% y/y to USD1.4 million in Q1
    DuPont’s net income decreased 57.3% year-on-year (y/y) to USD1.43 billion in the first quarter (Q1) ended 31 March 2014 from USD3.35 billion in the same period last year, says a company press release. Sales decreased 2.9% y/y, to USD10.1 billion from USD10.4 billion in first quarter of 2013. Operating income was USD1.8 billion compared with USD1.77 billion in the first quarter of 2013. By segment, Performance Chemicals' sales were down 3.2% y/y to USD1.53 billion in the first quarter of 2...
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    Asahi Glass (AGC) develops AMOLEA™ refrigerant for air-conditioning systems
    Asahi Glass has developed AMOLEA™ refrigerant for air-conditioning systems that can reduce global warning potential (GWP) to about one-sixth of the conventional products, the company said in a press release. The new refrigerant can be used in air-conditioning systems and in automobiles. The Japanese supplier aims to start commercial production of the new refrigerant in 2016. According to Asahi Glass, AMOLEA™ is an environmentally responsive mix refrigerant whose main ingredient in hydro...
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    EDITORIAL - EC's conclusion HFO-1234yf refrigerant is safe vindicates Honeywell and DuPont
    The European Commission’s (EC) Joint Research Centre (JRC) has concluded that HFO-1234yf refrigerant, jointly developed by Honeywell and DuPont, is safe for use in vehicles, according to press release by the European Union (EU). “…there is no evidence of a serious risk in the use of this refrigerant in MAC systems under normal and foreseeable conditions of use,” EU said in a press statement.  The review further reinforces the conclusions by the German regulator KBA, which had said t...
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    EC's Joint Research Centre concludes HFO-1234yf refrigerant is safe
    The European Commission’s (EC) Joint Research Centre (JRC) has concluded that HFO-1234yf refrigerant, jointly developed by Honeywell and DuPont, is safe for use in vehicles, according to press release by the European Union (EU). “…there is no evidence of a serious risk in the use of this refrigerant in MAC systems under normal and foreseeable conditions of use,” EU said in a press statement.  The review further reinforces the conclusions by the German regulator KBA, which had said t...
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    Honeywell-DuPont coolant deal face EU complaint for violating antitrust rules–report
    Honeywell and DuPont, which collaborated on development of HFO-1234yf vehicle refrigerant, could face a European Union complaint for violating antitrust rules, Bloomberg reported on Wednesday (5 March). The new refrigerant is currently the only car coolant that meets the European Commission Mobile Air-Conditioning (MAC) Directive, which came into effect from 1 January 2013. The EC directive is expected to cover all new vehicles in the 28-country EU, beginning 2017. The Bloomberg report, cit...
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    ‘Not a straight forward path to the use of a new air conditioning refrigerant’
    Light vehicles a/c systems in Europe are moving to a new refrigerant, why is that and what is that? Environmental concerns are the sole driver for the adoption of a new refrigerant. Air conditioning systems impact the environment through: leakage according to their respective Global Warming Impact, and also in terms of fuel consumption to run the a/c system. It is the former that is addressed by the EU regulation (F-Gas Directive 2006/40/EG) for mobile air conditioning systems This state...
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    Management changes (Issue 2, 2014)
    DuPont’s Chief Marketing & Sales Officer Scott Coleman has resigned. Coleman was leading DuPont’s marketing and sales practices and competencies, marketing services and the DuPont Brand. The company will name Coleman’s replacement later. Federal-Mogul has appointed Daniel A. Ninivaggi as co-chief executive officer of the company and chief executive officer of its Vehicle Component Solutions (VCS) group. He continues to be a member of the board, on which he has been serving ...
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