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DowDuPont, one of the biggest chemical enterprises in the world, was formed after the 2017 merger of two leading American companies, Dow Chemical and DuPont. The merge was intended to create a new entity that could leverage their combined strengths and expertise while also addressing market challenges and capitalizing on growth opportunities. The resultant company is divided into three separate divisions: Agriculture, Materials Science, and Specialty Products.
The Merge and Formation of DowDuPont
The $130 billion merger process was initiated in December 2015 and was completed on August 31, 2017. The new enterprise began trading on the NYSE as DWDP. Following the merge, DowDuPont has been focused on maximizing cost savings and synergies, benefiting the shareholders and customers of both companies. DowDuPont’s intermediate goal is to break into three separate companies within the next two years, which will be traded as independent entities on the New York Stock Exchange.
The Divisions of DowDuPont
As mentioned earlier, DowDuPont is divided into three distinct divisions:
Agriculture Division
The Agriculture division of DowDuPont focuses on providing the global agricultural sector with affordable and sustainable solutions for food production. This division aims to provide farmers with the right products to enhance crops’ yield by developing and producing crop protection products, hybrid seeds, and digital agricultural technology.
Materials Science Division
The Materials Science division of DowDuPont is mainly involved in the development and sales of plastics, adhesives, and other materials that are used in the automotive, construction, and electronics industries. Its portfolio includes engineering resins, polyurethanes, elastomers, and films, among other products.
Specialty Products Division
The Specialty Products division of DowDuPont is responsible for the development and manufacture of innovative and high-performance products in various sectors, including transportation, healthcare, construction, and electronics. Its portfolio includes products such as specialty polymers, electronic films, automotive parts, and industrial enzymes, among others.
The formation of DowDuPont marked a significant development in the chemical industry, with the creation of a major player in the field. The company’s focus on sustainability, innovation, and growth is evident through its divisions, each dedicated to providing solutions that meet customers’ needs while addressing the world’s evolving challenges. The company’s goal is to create value for all stakeholders through excellence in delivering products, solutions, and services.