Chemical company Dow DuPont has started separating itself into three new companies, just a year after it was formed, and filed a registration statement with the US Securities and Exchange Commission (SEC) to create Dow Holdings apart from its material science division. The move is expected to be completed by mid-2018, according to Reuters. Dow’s agriculture business will become part of Corteva and DuPont will take electronics, speciality silicones, food ingredients and automotive materials. As part of the reorganisation, Dow will build new facilities in China and the US.
Chemical company Dow DuPont has started separating itself into three new companies, just a year after it was formed, and filed a registration statement with the US Securities and Exchange Commission (SEC) to create Dow Holdings apart from its material science division. A new version of DuPont and an agriculture company called Corteva will be established after Dow Holdings is up and running. Dow’s agriculture business will become part of Corteva and DuPont will take electronics, speciality silicones, food ingredients and automotive materials. As part of the reorganisation, Dow will build new facilities in China and the US.