Dupont De Nemours Inc Stock Price, News & Analysis

DuPont (NYSE: DD) received recognition from the American Chemistry Council (ACC) as a 2021 Responsible Care® awardee, highlighting its Outstanding COVID-19 Response Efforts. The company supplied over 100 million Tyvek® garments and donated 44,000 liters of hand sanitizer during the pandemic. Additionally, DuPont was honored for Facility Safety, with 31 sites recognized for excellence in preventing injuries, and for Energy Efficiency, acknowledging various operational improvements. These awards underscore DuPont's commitment to sustainability and safety in its operations.

DuPont is investing approximately $30 million to construct a new manufacturing facility in Zhangjiagang, Jiangsu Province, China. The facility aims to produce adhesives for the transportation industry, specifically addressing the trends of vehicle electrification and lightweighting. Construction is set to begin in Q3 2021, with operations expected by early 2023. This facility will enhance DuPont's capabilities in advanced adhesive technology, including offerings for battery thermal management and vehicle body structures, reinforcing its position in the Asian market.

DuPont (NYSE:DD) has launched a groundbreaking pre-treatment technology designed to combat biofouling in Reverse Osmosis (RO) systems. This new solution, DuPont™ B-Free™, reduces operational costs and enhances plant reliability by creating a biostatic environment without chemicals. B-Free™ technology significantly decreases Clean-In-Place (CIP) frequency by up to 75% and can potentially double the lifespan of RO membranes. This innovation aligns with the UN's Sustainable Development Goals, reflecting DuPont's commitment to addressing global water challenges.

DuPont will be represented by its Executive Chairman and CEO, Ed Breen, at the J.P. Morgan 2021 Industrials Conference on March 15, 2021, from 11:20 a.m. to 12:00 p.m. ET. A live audio webcast of the presentation will be available on the DuPont investors website. This event will include related materials and a replay will be accessible for 30 days post-presentation. DuPont continues to be a leader in innovative materials across various industries.

DuPont (NYSE: DD) has announced a new $1.5 billion share buyback program approved by its Board of Directors, set to expire on June 30, 2022. This program will allow the repurchase of shares in various market transactions, contingent on management's discretion and external factors. As of December 31, 2020, DuPont had $1 billion remaining from its previous buyback program, which it aims to complete by June 1, 2021. The decision indicates confidence in the company's value and a commitment to enhancing shareholder returns.

DuPont (NYSE: DD) announced a definitive agreement to acquire Laird Performance Materials from Advent International for $2.3 billion. This acquisition, funded through existing cash, is expected to close in Q3 2021, pending regulatory approvals. Laird, a leader in electromagnetic shielding and thermal management, generated $465 million in revenue in 2020 with attractive profit margins. The deal aims to enhance DuPont's technology portfolio and is projected to realize approximately $60 million in cost synergies by 2024, benefiting its financial performance.

DuPont (NYSE:DD) announced a collaboration with Waterise to provide seawater reverse osmosis membranes for subsea desalination plants. This innovative approach reduces energy requirements by 40% and land use by 80%, addressing water scarcity while minimizing environmental impact. Waterise will utilize DuPont's FilmTec™ membranes exclusively, and both companies will collaborate on research and development. DuPont has over 40 years of experience in desalination technologies, enhancing sustainability and membrane durability.

DuPont (NYSE: DD) announces over $40 million investment to enhance production of MOLYKOTE® Specialty Lubricants at its facilities in Berkeley County, South Carolina, and Chiba, Japan. This initiative aims to support the burgeoning demand in the autonomous and electric vehicle sectors while meeting sustainability requirements. The new plants will feature state-of-the-art systems, boosting capacity and reliability. The expansion is expected to drive growth across various industries, including automotive and healthcare, establishing DuPont as a leader in high-performance lubrication solutions.

DuPont has appointed Christopher Raia as the new Senior Vice President and Chief Human Resources Officer, effective March 1, 2021. Raia, who previously served as Interim HR Chief, has over 25 years of HR experience, focusing on talent development, agile working practices, and employee well-being. Ed Breen, DuPont's Executive Chairman, praised Raia's role in fostering an engaging and high-performing culture. Raia expressed his commitment to enhancing leadership and organizational culture as DuPont evolves as a multi-industrial leader.