DEEP DIVE: DuPont On the Move: Big Changes as Company Announces Split, Changes Leadership, and Stays Ahead of Climate Goals

2024 has been a busy year for DuPont de Nemours, one of the world’s leading chemical industries headquartered in Wilmington, Del. The company has announced plans to split into three new separate companies, appointed a new CEO, and released a sustainability report highlighting ahead-of-schedule progress.

The Split

On 22 May 2024, DuPont announced its plans to split into three separate publicly traded companies, a change projected to be finalized within the next two years. The market responded well to the news at the time, with shares up by 5% at the end of trading. The breakdown of the new businesses is:

New DuPont – The company carrying the DuPont name will be the largest of the three, bringing in ≈ $6.6 billion in net sales in 2023. The latest incarnation of DuPont, currently referred to as “New DuPont” by the company, will be a multi-industry company and will retain the company’s well-known name brands, such as Tyvek, Kevlar, and Nomex.

New DuPont “will have a strong presence in fast-growing healthcare end-markets including applications for biopharma consumables, medical devices, and medical packaging. The company will also be a leading provider of key technologies enabling advanced mobility particularly within electric vehicles,” according to the company’s press release. Finally, New DuPont will remain a provider of advanced solutions serving safety, construction, aerospace, and other industrial-based end-markets.