dupont news 2020

But there are other possible explanations for these discharges. DuPont will announce its financial results for the fourth quarter and full year ended December 31, 2020, on February 9, 2021.The Company will host a … Operating Activities. The contamination in Parkersburg and subsequent lawsuit were the subject of an acclaimed feature film released last year. DuPont Oct 01, 2020, 09:00 ET. Within Health & Biosciences, double-digit growth in both probiotics and home and personal care markets was more than offset by continued weakness in biorefinery and microbial control. • Executive committee named - Also in May, DuPont and IFF announced the executive committee of the future combined company, which will include key senior leaders from DuPont Nutrition & … Conference Call . Facebook Twitter Amazon Youtube Instagram Pinterest RSS Sign Up! Or “legacy” PFOA remaining in water used at the facilities could be showing up – an alarming reminder of the chemical’s persistence in the environment. The EPA has identified just over 200 PCBs, and there are far more PFAS chemicals. DuPont (NYSE: DD) is a global innovation leader with technology-based materials, ingredients and solutions that help transform industries and everyday life. Within Image Solutions, mid single-digit organic growth was led by strength in OLEDs for displays and ink for the consumer segment, partially offset by weakness in flexographic plates and textile inks. The company has previously said it plans to cut 10% of its workforce. The September 2019 divestiture of the DuPont Sustainable Solutions business and the September 2020 divestiture of the trichlorosilane business reduced sales by 10 percent. October 29, 2020 08:00 AM ET. More information about the company, its businesses and solutions can be found at www.dupont.com. Copyright © 2021, Environmental Working Group. So why are DuPont and its spinoff company Chemours still discharging PFOA from their facilities? Currency and portfolio impacts were both neutral versus third quarter 2019. Confirm Signout. The absence of a prior year gain on the sale of DuPont Sustainable Solutions, lower volumes and the impact of the trichlorosilane and Hemlock Semiconductor divestitures in September 2020 more than offset cost productivity. Similarly, within Shelter Solutions, growth in residential construction and retail channels for do-it-yourself applications was more than offset by weak commercial construction. The Company will host a live webcast of its third quarter earnings conference call with investors to discuss its results and business outlook today at 8:00 a.m. The impact of lower demand, cost associated with idled facilities, and portfolio changes more than offset manufacturing productivity gains, approximately $150 million of non-manufacturing cost savings and strong demand in semiconductors, smartphones, water, Tyvek® protective garments, and health & wellness. Net sales totaled $5.1 billion, down 6 percent versus the year-ago period on both an as reported and organic basis. Chemours owns all sites that were part of the Performance Chemicals business, including Fayetteville, NC and Washington Works, WV.” The Big Bang of the nationwide “forever chemicals” crisis was the revelation in 2001 that PFOA, a toxic compound used to make Teflon, had contaminated the drinking water for 70,000 people near a DuPont factory in West Virginia. DuPont.com News & Media; Contact. Congress must take decisive action to address the PFAS problem, including: DuPont and Chemours must respond quickly to Rouda’s inquiry and account for their ongoing discharges of PFOA. DuPont pegged the maximum liability for those cases at $128 million. Continued broad-based demand across Water Solutions was more than offset by declines in both Safety Solutions and Shelter Solutions. (2)   Adjusted EPS, operating EBITDA and free cash flow are non-GAAP measures. A continued focus on cost control enabled operating EBITDA declines in-line with the decline in net sales on a percentage basis. SINGAPORE, Dec. 16, 2020 – DuPont Nutrition & Biosciences (NYSE: DuPont) and IPSOS, a global market research firm published a new research study that shows a significant increase in demand for plant-based meat alternatives in key Asia Pacific (APAC) markets. Safety & Construction reported net sales of $1.2 billion, down 6 percent from the year-ago period. Share this article. Price, currency and portfolio impacts were each neutral versus third quarter 2019. Track elected officials, research health conditions, and find news … It underscores how even if industry stops using PFOA or other PFAS chemicals, they will be with us for a long time – and that as we try to get rid of the PFOA in the environment, it’s being replaced with newer kinds of PFAS that are less studied and, research shows, potentially as dangerous, with many of the same toxicity concerns as old PFAS chemicals. “We expect to deliver full-year 2020 adjusted EPS(2) in the range of $3.17 to $3.21 on net sales of $20.1 billion to $20.2 billion.”. 2019. ET. In response, Lowe’s and DuPont teamed up to support businesses that are transforming their operations to help supply … “With a continued focus on execution, we anticipate a fourth quarter underscored by additional cash generation and operating leverage across our core segments driven by additional cost savings,” said Lori Koch, Chief Financial Officer of DuPont. And some companies that are not subject to those agreements have admitted they still use PFOA. Within Safety Solutions, demand for Tyvek® protective garments remained strong but was more than offset by soft demand for aramid fibers across aerospace, oil & gas and select industrial markets as a result of COVID-19. The Centers for Disease Control and Prevention says these chemicals pollute the bodies of virtually all Americans, including newborn babies. The impact of COVID-19 on other key industrial markets, in addition to automotive, contributed to volume declines across Mobility Solutions, Industrial & Consumer, and Healthcare & Specialty. Currency was neutral and portfolio was a 1 percent headwind. If so, that would be a serious breach of public trust. “This commitment is evident in the results we announced today. Contact Us | Privacy Policy | Legal Disclaimer | Reprint Permission Information The challenge of cleaning up PCBs pales in comparison to the coming PFAS crisis. For example, daily monitoring updates for the Parkersburg site reported 323.5 pounds of PFOA discharged in 2019. New research from DuPont reveals huge demand for meat alternatives from consumers in key Asia markets. Rouda asked about the discharges because both companies have said publicly they no longer use PFOA. For the full year, DuPont expects adjusted earnings between $3.70 and $3.90 per share on revenue between $21.5 billion and $22 billion. We delivered strong performance demonstrating the value our market-leading innovation and technology provides in key end-markets such as semiconductors, smartphones, water filtration, probiotics, and personal protective equipment. Operating EBITDA for the segment was $379 million, an increase of 7 percent from operating EBITDA of $354 million in the year-ago period. Volume declined 9 percent due to lower auto builds. Legal Disclaimer updated April 2016 | Privacy Policy updated October 2019. Operating EBITDA for the segment was $14 million, a decrease of 85 percent from operating EBITDA of $94 million in the year-ago period. ... DuPont 3Q 2020 Earnings. Pressure from the Environmental Protection Agency forced DuPont and other companies to phase out PFOA, and they agreed not to use it after 2015. Growth in Electronics & Imaging was more than offset by sales declines in the other segments primarily due to the impact of the global pandemic. Roshni Khatri / for NBC News. And unlike PCBs, which were banned and subject to cleanup regulations, PFAS remain largely unregulated. WILMINGTON, Del., October 29, 2020 - DuPont (NYSE: DD) today announced financial results for the third quarter 2020. The final three recipients have been announced in MSA’s and DuPont’s 2020 Globe Gear Giveaway. Operating Activities The sale of the trichlorosilane business and the Hemlock Semiconductor joint venture provided $550 million of additional pre-tax cash proceeds in the quarter. Organic sales were down 13 percent driven by 18 percent volume declines and offset by 5 percent pricing gains. The Big Bang of the nationwide “forever chemicals” crisis was the revelation in 2001 that PFOA, a toxic compound used to make Teflon, had contaminated the drinking water for 70,000 people near a DuPont factory in West Virginia. Currency was neutral. The actions we have taken to right-size our cost structure and generate significant cash flow are delivering results today and we intend to maintain this momentum as we move forward.”, “In September, we completed the sale of our trichlorosilane business and our stake in the Hemlock Semiconductor joint venture and earlier this month we signed an agreement to sell the Biomaterials business,” Breen continued. A recent study identified over 200 categories of use for more than 1,400 individual PFAS chemicals. “Execution of these Non-Core divestitures and the continued progress towards the anticipated closing of the Nutrition & Biosciences transaction(1) in the first quarter 2021 exemplify our commitment to create both market-leading businesses and value for our shareholders.”. The EPA’s most recent update of its CompTox database identified more than 9,000 different compounds related to PFAS. A replay of the webcast also will be available on the DuPont’s Investor Relations Events and Presentations page following the live event. Only five states have placed limits on a handful of PFAS, and the EPA has the ability to test for only 29 PFAS in drinking water. Although a significant improvement versus second quarter performance the global auto market continues its recovery from steep declines in the first half of the year. Operating EBITDA(2) was $1.3 billion, down 7 percent versus operating EBITDA(2) in the prior year. And there may be still more contamination: A 2015 study found that PCBs could be leaching from building materials in nearly 26,000 schools. China sales in our core segments improved 14 percent versus the third quarter 2019 and 10 percent sequentially from second quarter 2020. Proceeds from these sales as well as organic cashflow generation enabled a reduction in commercial paper balances to less than $400 million as of September 30, 2020; a reduction of $1.2 billion in the quarter. News provided by. In millions (Unaudited) Nine Months Ended September 30, 2020. Manufacturers have agreed to phaseouts of only a handful. Chemours claims it has “never made or used PFOA.” Yet data from the EPA’s Enforcement and Compliance History Online database shows ongoing discharges from both the Circleville and Parkersburg facilities. DuPont Dec 31, 2020, 16:15 ET. Sarkis Mazmanian Lab Homepage / In The News In The News November 12, 2020. CNN won a 2020 duPont Award for its coverage of the disappearance of Jamal Khashoggi, the late Washington Post columnist was brutally murdered in October 2018 at the Saudi Consulate in Turkey. Non-Core reported net sales of $331 million, down 23 percent from the year-ago period. Strong demand for differentiated, high performance seals in semiconductor manufacturing lifted Kalrez® revenues high-teens percent. McLaren Beverly Hills is proud to present this 2020 McLaren 620R Coupe in White and Black McLaren Beverly Hills is part of O'Gara Coach Company, the … Our employees apply diverse science and expertise to help customers advance their best ideas and deliver essential innovations in key markets including electronics, transportation, construction, water, health and wellness, food and worker safety. Currency was neutral. DuPont Dec 18, 2020, 06:00 ET. History shows that even decades after being banned, some chemicals’ ongoing impact continues to be deeply harmful to health and the environment. There are no federally enforceable limits on any PFAS in drinking water, groundwater or soils, or any requirements to clean up PFAS under the federal Superfund law. Without aggressive action, PFAS chemicals will continue polluting people and the planet for centuries to come. The slide presentation that accompanies the conference call will be posted on the DuPont’s Investor Relations Events and Presentations page. News provided by. DuPont Launches Split-Off Exchange Offer for its Nutrition and Biosciences Business and Announces Record Date for Expected Clean-Up Spin-Off in Connection with IFF Transaction December 31, 2020 DuPont Board of Directors Approves the Separation of DuPont's Nutrition & Biosciences Business through an Exchange Offer December 18, 2020 Environmental Working Group is a 501(c)(3) nonprofit corporation, EIN 52-2148600. WILMINGTON, Del., October 29, 2020 - DuPont (NYSE: DD) today announced financial results for the third quarter 2020. Home. DuPont Inc. secured $3 billion in financing to help it ride out the coronavirus that has decimated demand in the automotive industry and other end markets. Bioethanol Market 2020-2024- Archer Daniels Midland Co., BP Plc, DuPont de Nemours Inc., Among Others to Contribute to the Market Growth | Technavio - … As reported last year by Sharon Lerner of The Intercept, the EPA has allowed more than 40 new PFAS chemicals on the market reported to pose “substantial risk.”. Pharma Solutions sales were flat with the prior year. All rights reserved. Rouda’s letter asks DuPont about its ongoing PFOA discharges at its Circleville Works plant, in Ohio, and Chemours about its Washington Works facility, in Parkersburg, W.V., the most notorious PFAS contamination site in the world. Operating cash flow of $1.3 billion included improvements in working capital of more than $300 million in the quarter which was driven by lower inventories. Pressure from the Environmental Protection Agency forced DuPont and other companies to phase out PFOA, and they agreed not to use it … DuPont de Nemours, Inc. Consolidated Statement of Cash Flows. DuPont spokesman Dan Turner had this response: “In July 2015, DuPont separated its Performance Chemicals segment creating Chemours, now a fully independent performance chemical manufacturer. Even if the ongoing discharges in Ohio and West Virginia can be attributed to legacy discharges, that’s little comfort. DuPont Nutrition & Biosciences Honors Dr. Sarkis Mazmanian for Human Microbiome Research October 13, 2020. The absence of a prior year gain on the sale of DuPont Sustainable Solutions, lower volumes and the impact of the trichlorosilane and Hemlock Semiconductor divestitures in September 2020 more than offset cost productivity. Just this summer, Bayer, which acquired Monsanto in 2018, agreed to pay $650 million to 2,500 cities, counties and ports to clean up PCB contamination. The ongoing cleanup of another group of forever chemicals, polychlorinated biphenyls, or PCBs, underscores the gravity and longevity of the PFAS problem. WILMINGTON, Del., May 5, 2020 - DuPont (NYSE: DD) today announced financial results for the first quarter 2020. If they have misled the public about ongoing use of this toxic chemical, they should be held accountable. News provided by. DuPont de Nemours, Inc. Consolidated Statement of Cash Flows. Pricing gains in Food & Beverage were more than offset by weaker demand primarily in emulsifiers, sweeteners, and cellulosics driven by declines in food service and lower consumer demand for mints and chewing gums in travel and convenience stores. Cancel Sign Out DuPont also announced it expects first quarter 2020 GAAP EPS in the range of $ (1.00) to $ (0.70) and adjusted EPS (1) in the range of $0.82 - … Article: EWG News Roundup (1/22): Toxic Pesticides That President Biden Should Target, EPA Takes Initial Steps To Regulate PFAS and More, News Release: DuPont, Chemours and Corteva Reach $4 Billion Settlement on ‘Forever Chemicals’ Lawsuits, News Release: EWG Applauds Biden’s Nomination of Richard Glick To Chair Federal Energy Regulatory Commission, Article: What the Biden Administration Should Do To Protect Children From Toxic Pesticides, Designating PFAS hazardous substances under our Superfund law, Setting health-protective limits on PFAS in drinking water, Limiting discharges of PFAS into the air and water, Placing a moratorium on the introduction of new PFAS chemicals, Funding cleanup and drinking water treatment.

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