DuPont is considering "strategic alternatives" for its
performance chemicals segment, the US-based company said
In a conference call on second-quarter earnings, DuPont said
alternatives for the business could include a full or partial
separation from the company through a spin-off, sale or other
DuPont's performance chemicals business includes titanium
dioxide (TiO2), fluorochemicals, and specialty and industrial
chemicals. In Tuesday's earnings release, DuPont reported a 12%
year-on-year decline in second-quarter net income, mainly due
to lower TiO2 prices.
The performance chemicals segment posted 2012 sales of $7.2
billion, comprising about 20% of the company's total net
"We have been carefully weighing the strong cash generation of
our performance chemicals businesses against their cyclicality
and lower growth profile, as well as where the power of
DuPont's science can be differentiated," said DuPont CEO Ellen
"We are evaluating options for performance chemicals as part
of our ongoing plan to deliver higher growth and greater value
creation for our shareholders," she added.
DuPont also announced that it would realign its leadership team
"to accelerate its integrated science execution. Details of
those changes can be read at DuPont's website.