Resistance to HFO at carmarker a challenge for DuPont valuation
12:07 PM MDT | August 16, 2013
Resistance by German automaker Daimler to a hydrofluorocarbon (HFC) replacement developed by DuPont for refrigerant applications makes placing a valuation on DuPont’s fluorochemicals business challenging, says Ray Will, a director with IHS Chemical’s consulting practice. DuPont announced 23 July that it is exploring the sale or spin-off of its $7-billion/year performance chemicals unit, which includes its fluorochemicals, titanium dioxide, and specialty and industrial chemicals business. DuPont’s fluorochemical sales in 2012 were $2.3 billion...
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