DuPont announces intent to acquire interest in Zhonghao

PR Newswire | 14 May, 2010
WILMINGTON: DuPont (NYSE: DD) today announced its intent to acquire a minority share in Changshu 3F Zhonghao New Chemical Materials Co., Ltd. (Zhonghao), pending completion of definitive agreements and securing appropriate Chinese government approvals. Shanghai 3F New Materials Co., Ltd., is the majority owner of Zhonghao.

"Our relationship with Zhonghao has matured into a successful strategic partnership over the last eight years," said Gary W. Spitzer, president â DuPont Chemicals & Fluoroproducts. "Zhonghao's world-class fluorochemical manufacturing capabilities will strengthen our ability to better serve our customers worldwide. It also will enable a faster response to rapidly growing regional markets for our broad portfolio of fluorochemicals across all applications. This applies for existing and future chemistries for refrigerants or for our specialty fluorochemicals markets."

DuPont is a science-based products and services company. Founded in 1802, DuPont puts science to work by creating sustainable solutions essential to a better, safer, healthier life for people everywhere. Operating in approximately 80 countries, DuPont offers a wide range of innovative products and services for markets including agriculture and food; building and construction; communications; and transportation.