DuPont de Nemours, Inc. (“DuPont”), announced its debut as an independent company following the successful separation of its Agriculture Division through the spin-off of Corteva, Inc. (“Corteva”).
The company, which was formerly known as DowDuPont Inc. has now began trading on the New York Stock Exchange (NYSE) under the ticker symbol “DD”.
DuPont, a world leader in science and engineering, is the creator of Kevlar®, and has been manufacturing the extraordinarily strong, lightweight material at its Maydown facility since 1998.
Kevlar® is a lightweight fibre that is, on an equal-weight basis, five times stronger than steel.
It is best known for its use in protective garments worn by workers who face danger in their jobs, such as fire-fighters and police officers. It’s tough and durable, but also light, making it easier and less restrictive to wear.
To mark the significant milestone and promote the new company’s principles, which centre on the themes of shelter and protection, DuPont Global Operations Director LG Tackett held a tree-planting ceremony and staff reception at Maydown, and explained the significance of their newly independent status:
“I’m delighted to be here at Maydown to celebrate this new era for DuPont. Recently, we restructured our business to better align with our overall purpose and to focus on our core markets.”
“We are confident that these measures will uniquely position our company to take advantage of high-growth market trends and strengthen our future customer-offerings”, he added.
DuPont, who last year celebrated 30 years of Kevlar® production at Maydown, also marked 1,000 days without an injury at the plant by making a donation of £1,000.00 to Foyle Hospice.
Speaking during the cheque presentation, Noel McGonagle from Foyle Hospice said:
“We would like to say a massive thank you to DuPont for this kind donation to the Foyle Hospice.
“All services at Foyle Hospice are free of any charges to its users, which is why donations like this are so important, as they allow us to continue providing care for those in our community who need it most.”
LG Tackett, added: “On behalf of my global colleagues and the wider company, I am pleased to be recognising the hard-work and commitment which have become bywords for our Maydown team.“This level of dedication is reflected by the accomplishment of over 1,000 days without an on-site injury – an astounding achievement which the team have decided to mark with this donation to the Foyle Hospice.”
“We pride ourselves on the quality of the people that work in our organisation, which is why I think it is so important to take this opportunity to thank all of our Maydown staff for making the company what it is today”, said Mr Tackett.