Chemical giant DowDuPont was formed in August last year after a merger between Delaware-based DuPont and Michigan's Dow Chemicals. DowDuPont is posting massive increases in earnings, with sales up by 13 per cent.
The newly merged company is splitting into three separate segments. The three new spin-off companies will be in these industries: Specialty Products, Material Sciences, and Agriculture.
The DowDuPont merger creates the world’s biggest chemical company and has triggered other major restructuring in the industry. Now the company’s breaking up into three separate segments.
Each of the intended separations is fueled by the powerful combination of highly complementary portfolios, resources, and capabilities from Dow and DuPont. They will each be better positioned than their predecessors to continue driving innovation to provide superior solutions for customers, and better serve communities around the world.
The three companies are expected to be more competitive than either company could be on its own.
