P.O. Box 80030
Wilmington, DE 19880
Phone: (877) 234-1794; (302) 992-4264
Sales: $175 million (Ink World estimate).
Major Products: Digital inks and digital printing systems; conductive inks and pastes for printed electronics.
Key Personnel: Andrew Liveris, executive chairman; Edward D. Breen, CEO; Marc Doyle, COO, Specialty Products Division; James (Jim) R. Fitterling, COO, Materials Science Division; Howard Ungerleider, CFO; Jon Kemp, president, DuPont Electronics & Communications; Dr. Chuck Xu, global business director, DuPont Photovoltaic and Advanced Materials; Sam Ponzo, regional director – Americas, DuPont Advanced Printing; Michael Burrows, global business manager, DuPont Advanced Materials.
Operating Facilities: Worldwide operations; in the US, headquarters and R&D facilities in Wilmington, DE. DuPont MCM’s headquarters are in Research Triangle Park, NC.
Comments: In a huge announcement back in December 2015, DuPont and The Dow Chemical Company reported they would combine in an all-stock merger of equals named DowDuPont. The merger was completed in mid-2017, forming a company whose sales were $20.1 billion in the fourth quarter of 2017.
DowDuPont operates as a holding company with three divisions: Agriculture, Materials Science and Specialty Products. The company expects to spin off those three divisions within the next two years.
“DowDuPont is a launching pad for three intended strong companies that will be better positioned to reinvest in science and innovation, solve our customers’ ever-evolving challenges, and generate long-term returns for our shareholders,” said Ed Breen, CEO of DowDuPont.
In the fourth quarter of 2017, DowDuPont reported net sales of $20.1 billion, up 13% from the company’s combined sales during 4Q 2016. Operating EBITDA increased 24% on a pro forma basis to $3.9 billion. Cash flow from operations in 4Q 2017 was $4.2 billion.
“Our fourth quarter operating results continued the strong performance that we delivered throughout 2017, as we grew our top and bottom lines by double digits in the quarter and the full year,” Breen said.
On the ink side, DuPont is an industry leader in digital inks for OEM printers and textiles. DuPont Advanced Materials is a leader in the area of printed electronics and photovoltaics, where it produces conductive inks and pastes. DuPont Microcircuit Materials (MCM) is developing stretchable and in-mold conductive inks, while DuPont Photovoltaic Solutions features metallization pastes for PV, which focuses on functional inks and organic light emitting diodes (OLEDs).