About DuPont de Nemours

DuPont de Nemours, Inc. (DuPont) operates as a global innovation leader with technology-based materials and solutions. The company applies diverse science and expertise to help customers advance their best ideas and deliver essential innovations in key markets, including electronics, transportation, construction, water, healthcare and worker safety. As of December 31, 2023, the company had subsidiaries in about 50 countries worldwide and manufacturing operations in about 24 countries. On August 1, 2023, the company completed the acquisition of Spectrum Plastics Group (‘Spectrum’) from AEA Investors (the ‘Spectrum Acquisition’) which is onboarding into Industrial Solutions within the Electronics & Industrial segment. See Note 3 to the Consolidated Financial Statements for more information. On November 1, 2023, the company closed the sale of the Delrin business to TJC LP (‘TJC’), (the ‘Delrin Divestiture’). The Delrin Divestiture together with the M&M Divestiture, are referred to as the ‘M&M Divestitures’. Segments Electronics & Industrial segment Electronics & Industrial is a leading global provider of differentiated materials and component solutions for high performance computing, 5G, electric vehicles (‘EV’), a broad range of consumer electronics, including mobile devices, television monitors, personal computers and a variety of other industries, including aerospace, defense, transportation, healthcare and medical devices. The segment supplies industry leading materials and solutions for the fabrication of semiconductors and integrated circuits addressing multiple steps of the manufacturing process. The segment offers a broad portfolio of semiconductor and advanced packaging materials, providing chemical mechanical planarization (‘CMP’) pads and slurries, photoresists and advanced coatings for lithography, removers and cleaners; dielectric and metallization solutions for advanced chip packaging; along with silicones for light emitting diode (‘LED’) packaging and semiconductor applications. Electronics & Industrial also provides permanent and process chemistries for the fabrication of printed circuit boards to include laminates and substrates, electroless and electrolytic metallization solutions, as well as patterning solutions and materials and innovative metallization processes for metal finishing, decorative, and industrial applications and provides high-performance electromagnetic shielding and thermal management solutions. Since the acquisition of Spectrum, Electronics & Industrial also produces specialty medical devices. Electronics & Industrial is a leading global supplier in the packaging graphics industry providing photopolymer plates and platemaking systems used in flexographic printing and digital inks for textile, commercial and home-office printing applications. The segment also provides cutting-edge materials for the manufacturing of rigid and flexible displays for organic light emitting diode (‘OLED’) and other display applications. In addition, the segment produces high performance parts and specialty silicone elastomers and lubricants to meet customer specifications in automotive, aerospace, electronics, industrial and healthcare markets. Electronics & Industrial addresses these markets by leveraging a strong science and technology base and customer-driven application engineering capabilities to provide the critical materials and solutions for creating a more connected and digital world. The company owns Laird Performance Materials (‘Laird PM’). Laird PM is a leader in high-performance electromagnetic shielding and thermal management solutions. Laird PM is presented within the Interconnect Solutions business. Products Major applications/market segments and technologies are listed below by major product line: Semiconductor Technologies: Applications/market segments include integrated circuit fabrication for memory and logic semiconductors. Technologies include CMP consumables, photolithography materials, semiconductor fabrication materials, fabrication cleaners and removers, advanced chip packaging materials and thermal management materials. Interconnect Solutions: Applications/market segments include printed circuit board, electronic and industrial finishing. Technologies include circuit packaging film and laminate materials, interconnect metallization and imaging process chemistries, dry film photoresists, polyimide films, flexible circuit materials, electromagnetic shielding and thermal management materials. Industrial Solutions: Applications/market segments include flexographic printing and inkjet printing, display materials, high performance parts and specialty silicones for automotive, aerospace, electronics, industrial, healthcare and medical device markets. Technologies include flexographic printing plates and materials, digital inks, OLED and other display process materials, LED encapsulants, perfluoroelastomer and polyimide parts and shapes, and specialty silicone elastomers and lubricants. Water & Protection segment Water & Protection is the global leader in providing innovative engineered products and integrated systems for a number of industries, including, worker safety, water purification and separation, transportation, energy, medical packaging and building materials. Water & Protection addresses the growing global needs of businesses, governments and consumers for solutions that make life safer, healthier and better. By uniting market-driven science and engineering with the strength of highly regarded brands, including KEVLAR high-strength material, NOMEX thermal-resistant material, CORIAN solid surfaces, TYVEK selective barriers, FILMTEC reverse osmosis elements, AMBERLITE ion exchange resins, STYROFOAM insulation and GREAT STUFF insulating foam sealants, the segment strives to bring new products and solutions to solve customers' needs faster, better and more cost effectively. Water & Protection is investing in future growth initiatives, such as water management solutions, construction productivity solutions, high strength and light weighting composite solutions and circular ecosystem / zero waste solutions. Products Major applications and products are listed below by major product line: Safety Solutions: Applications/market segments include industrial personnel protection, military and emergency response, medical devices and packaging, automotive, aerospace and oil and gas. Major products / technologies are KEVLAR fiber; NOMEX fiber and paper; TYVEK protective materials; TYCHEM protective suits. Shelter Solutions: Applications/market segments include rigid and spray foam insulation, weatherization, waterproofing and air sealing, caulks and sealants, roof coatings and decorative surface materials. Major products / technologies are STYROFOAM brand insulation products, THERMAX exterior insulation, XENERGY high performance insulation, LIQUIDARMOR flashing and sealant, GREAT STUFF insulating foam sealants and adhesives, CORIAN design solid and quartz surfaces, TYVEK weather resistant barriers. Water Solutions: Applications/market segments include water filtration and purification technology for residential, municipal and industrial use. Key industries include municipal drinking water and wastewater, power generation, microelectronics, pharmaceuticals, food and beverage, industrial wastewater reuse, metals and mining and oil and gas segments. Major products / technologies are AMBERLITE ion exchange resins, FILMTEC reverse osmosis and nanofiltration elements, INTEGRAFLUX ultrafiltration modules, FORTILIFE challenging water reverse osmosis membranes and TAPTEC water filtration and purification for drinking water in homes and commercial buildings. Corporate & Other segment Corporate & Other includes sales and activity of the Retained Businesses, including the Auto Adhesives & Fluids, Multibase, and Tedlar product lines. Significant Customers and Competition The company provides extensive support, technical services and testing services for its customers, in addition to new product development. DuPont is a multi-industrial company. Key competitors include but are not limited to: Electronics & Industrial: Element Solutions, Entegris, Henkel, JSR, Merck KGaA, MKS Instruments, Parker Hannifin, and TOK. Water & Protection: 3M, Honeywell, Hydranautics, Kingspan, Kolan, Lanxess, LG Chem, Owens-Corning, Ecolab, Avient, Toray, Teijin, and Yantai. Distribution Most products are marketed primarily through the company's sales organization, although for some product lines, more emphasis is placed on sales through distributors. The company has a diverse worldwide network which markets and distributes the company’s brands to customers globally. This network consists of the company’s sales and marketing organization partnering with distributors, independent retailers, cooperatives and agents throughout the world. Intellectual Property Patents: As of December 31, 2023, the company owned about 12,700 patents and patent applications globally. Research and Development Expense (R&D) The company’s R&D expense was $508 million for the year ended December 31, 2023. History The company, a Delaware corporation, was incorporated in 2015. It was formerly known as The Dow Chemical Company and changed its name to DowDuPont Inc. in 2017. Further, the company changed its name to DuPont de Nemours, Inc. in 2019.