Create a free Industrial Equipment News account to continue

DuPont Opens 'State-of-the-Art' Factory in Support of Strategic Shift

The plant will focus on making adhesives for electric vehicles.

DuPont's new adhesives production facility in Zhangjiagang, East China.
DuPont's new adhesives production facility in Zhangjiagang, East China.
DuPont

(IEN) -- A major name in the materials market, DuPont (NYSE: DD) has announced the opening of a new facility in China for the production of adhesives.

The production plant, located in Zhangjiagang, East China, will be responsible for the creation of adhesives serving the transportation market, with a specific focus on electric vehicles.

The facility is described by DuPont leaders as "state-of-the-art" and the company hopes it will help further support its position in auto electrification applications, especially in the Asian market.

The news follows a spate of definitive business activity from the company over the last two years, including key divestitures.

In Oct of 2022, DuPont announced it would divest much of its Materials & Management (M&M) segment to Celanese Corporation for $11 billion in cash.

More recently, the company added to the streamlining efforts by announcing in August that it would divest the bulk of its ownership (~80%) in its Delrin business. DuPont CEO Ed Breen said at the time that the move would largely complete the company's "planned exit" of the former M&M segment, "advancing (its) position as a premier multi-industrial company." The transaction was valued at $1.8 billion.

DuPont has said that its objective for the future include a focus on "high-growth, high-margin industries." These include aerospace, medical, electronics, water and advanced automotive market segments. In support of this, the company added Spectrum Plastics Group earlier this year, a specialty medical device company.

More in Operations