DuPont Co of Wilmington, DE has reported 2013 sales of US$35.7 billion, a 3% increase over 2012. The company’s soon to be spun-off Performance Chemicals segment recorded a pre-tax operating income of US$998 million on sales of US$6.7 billion versus US$1.8 billion on sales of US$6.7 billion in 2012. In the fourth quarter of 2013, the segment generated operating earnings of US$229 million on net sales of US$1.62 billion versus US$236 million on sales of US$1.58 billion in the corresponding period of 2012. Declines in prices for titanium dioxide and refrigerants and higher costs more than offset volume increases (18% for titanium dioxide) and improved plant utilization.
Volume 28 issue 3