To expand presence in bio technology sector DuPont has completed the merger of IFF and Nutrition & Biosciences. For this merger deal with IFF, DuPont receives a special cash payment of about $7.3 billion.
- The company announced it has entered into a definitive agreement with an international private equity consortium to sell the DuPont Clean Technologies business for $510 million.
- DuPont will also dissolve its Non-Core reporting segment of Biomaterials and Clean Technologies.
- DuPont has concluded that it is in the best position to drive value for Tedlar, Microcircuit Materials and the DuPont Teijin Films JV and has realigned these businesses to Mobility & Materials.
The prominent deals and partnerships by DuPont are mentioned below:
Dec 2020: DuPonts bio-based company DuPont Nutrition & Biosciences announced an exclusive partnership with global chemicals company Kemira to develop and commercialize DuPonts enzymatic polymerization-based polysaccharide platform technology for certain applications.
June 2020: Latin Americas leading renewable energy company Atlas Renewable Energy in partnership with Dow a material science company announced the signing of a large-scale solar energy contract in Brazil. The project is expected to supply over 440GWh per year that will mostly be used to serve Dow under a 15-year duration contract.
May 2020: Indiana based Cummins Inc in partnership with DuPont helping the nations shortage of N95 respirator masks. Cummins NanoNet and NanoForce Media technology, which uses DuPonts Hybrid Membrane Technology (HMT), can typically be found in air, fuel and lube filtration products used in heavy-duty diesel engines to prevent long-term engine wear, but also can be used in the N95 respirator masks worn by healthcare professionals.
February 2020: South Korea based SK Siltron, announced that it has completed the acquisition of DuPonts Silicon Carbide Wafer (SiC Wafer) unit for $450 million. SK Siltron with this acquisition is expected to increase SiC wafers production and create additional jobs in the U.S. The primary site for the business is in Auburn, Michigan, about 120 miles north of Detroit.
November 2019, DuPont Electronics & Imaging (E&I) sold its Compound Semiconductor Solutions (CSS) business to SK Siltron, a South Korea-based silicon wafer supplier to the semiconductor market.
June 2019, SK Lubricants signed a supply contract with Chinas largest oil and gas producer, PetroChina for the supply of premium base oil product YUBASE Plus, which significantly improves low-temperature performance and volatility compared to other products.
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