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Investing.com -- DuPont de Nemours (NYSE:DD) Inc., the Wilmington, Delaware-based chemical manufacturer, is reportedly considering selling its Nomex and Kevlar brands, two of its heat-resistant fiber brands. This move comes as part of a wider restructuring within the company, according to Bloomberg News, citing sources familiar with the matter.
The company is said to be working with advisers to explore strategic options for these brands, including a potential sale. The insiders, who asked to remain anonymous, indicated that the sale of these operations could potentially bring in around $2 billion.
Nomex is a fiber that resists flames and high temperatures. It is primarily used in the creation of protective fabrics, garments, and insulation for industries such as aerospace and automotive. On the other hand, Kevlar is a lightweight, synthetic fiber that is resistant to heat. Its applications span a wide range of products, from mining protective equipment and ballistic body armor to coatings and cables, as stated on Dupont’s website.
Despite the ongoing discussions, the company has not yet reached a final decision about the sale of these two brands.
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