DuPont has announced the separation of its Performance Chemicals segment to enhance shareholder value. The company will intensify its focus in agriculture and nutrition, bio-based industrials and advanced materials.
The Performance Chemicals segment includes the titanium technologies business, which makes titanium dioxide.
DuPont intends to execute the separation through a tax-free spin-off to shareholders. The Performance Chemicals segment will operate as an independent, publicly traded company after the separation. It generated about $7 billion in 2012 revenues.