DuPont Considers Sale of Performance Chemicals Segment
WILMINGTON, DE - After reporting a decline in earnings for the second quarter, chemical company DuPont is considering the sale of its Performance Chemical segment, which includes its Titanium Technologies business. Operating earnings for the segment declined $330 million in the second quarter of 2013, down 56 percent from the second quarter of 2012.
The company said in a press release that it is considering strategic alternatives for its Performance Chemical segment, which may include a full or partial separation of each of the businesses from the company through a spin-off, sale or other transaction. The segment includes the Titanium Technologies and Chemicals & Fluoroproducts businesses, which generated total sales of $7.2 billion in 2012.