DuPont 2000 Data Book

Transcription

DuPont 2000 Data Book
2000 Data Book
DUPONT INVESTOR RELATIONS
Ann K. M. Gualtieri
Vice President
DuPont Investor
Relations
(302) 774-0583
CONTENTS
1 DuPont Leadership
2 2000 @ a glance
4 Corporate Highlights
6 Consolidated Industry Segment Information
8 Consolidated Income Statement
Raymond G. Anderson
Director
(302) 774-1125
9 Consolidated Balance Sheet
10 Consolidated Statement of Cash Flows
11 Selected Additional Data
15 The DuPont Commitment:
Safety, Health and the Environment
Business Segments
Terry J. Wilson
16 Agriculture & Nutrition
Director
(302) 774-0017
20 Nylon Enterprise
24 Performance Coatings & Polymers
28 Pharmaceuticals
30 Pigments & Chemicals
34 Pioneer
Diane F. Eller
36 Polyester Enterprise
Administrative
Assistant
(302) 774-9870
40 Specialty Polymers
44 Specialty Fibers
47 Other
48 Major Global Sites and Principal Products
49 Major United States Sites and Principal Products
Main Office Number: (302) 774-4994
Fax: (302) 773-2631
Internet: www.dupont.com/corp/ir
DuPont DATA BOOK has been prepared to assist financial analysts, portfolio managers and others in
understanding and evaluating the company. This book presents graphics, tabular and other statistical data
about the consolidated company and its business segments. Dollars are in millions except per share or
where otherwise indicated. Most notes to financial statements are not included. This information is only a
summary and should be read in conjunction with the company’s audited consolidated financial statements
and “Management’s Discussion and Analysis” located in the 2000 Annual Report and on Form 10K filed
with the Securities and Exchange Commission.
DuPont DATA BOOK is now available on the Web at www.dupont.com/corp/ir.
The DuPont Oval Logo, DuPontTM, The miracles of scienceTM and all products denoted with TM or
trademarks or registered trademarks of E.I. du Pont de Nemours and Company or its affiliates.
April 2001
®
are
SENIOR LEADERS
BOARD OF DIRECTORS
( Pending stockholder approval on April 25, 2001)
Alain J. P. Belda * ††
Chairman and Chief Executive Officer,
Alcoa Inc.
Curtis J. Crawford † †††
Chairman, President and
Chief Executive Officer,
ZiLOG, Inc.
Louisa C. Duemling **
Edward B. du Pont †††
Thomas M. Connelly ▲
Richard U. De Schutter
Richard R. Goodmanson ▲
John W. Himes
Senior Vice President &
Chief Science &
Technology Officer
Chairman & Chief
Executive Officer
DuPont Pharmaceuticals
Executive Vice President
& Chief Operating Officer
Senior Vice President
DuPont Corporate Strategy
John C. Hodgson
Charles O. Holliday, Jr. ▲
W. Donald Johnson
William F. Kirk
Group Vice President &
General Manager
DuPont i Technologies
Chairman & Chief
Executive Officer
Group Vice President
DuPont Nylon
Group Vice President
DuPont Biosolutions
Enterprise
Ellen J. Kullman
George F. MacCormack
Steven R. McCracken
Stacey J. Mobley ▲
Group Vice President &
General Manager
DuPont Safety Resources,
DuPont Bio-Based Materials
& Corporate New Business
Development
Group Vice President
Chemicals & Polyester
Group Vice President &
General Manager
DuPont Apparel &
Textile Sciences
Senior Vice President,
Chief Administrative
Officer & General
Counsel
Craig G. Naylor
Gary M. Pfeiffer ▲
Louis F. Savelli
Group Vice President &
General Manager
DuPont Engineering
Polymers
Senior Vice President
& Chief Financial Officer
Group Vice President
DuPont Performance
Coatings
Charles O. Holliday, Jr. *
Chairman of the Board and
Chief Executive Officer
Deborah C. Hopkins †
Executive Vice President and
Chief Financial Officer,
Lucent Technologies
Lois D. Juliber * ††
Chief Operating Officer,
Colgate-Palmolive Company
Göran Lindahl * **
Former President and
Chief Executive Officer,
ABB Ltd.
Masahisa Naitoh †
Executive Vice Chairman,
ITOCHU Corporation
William K. Reilly ** †††
President and Chief Executive Officer,
Aqua International Partners LP
Former Administrator,
U.S. Environmental Protection Agency
H. Rodney Sharp, III † ††
Charles M. Vest †
President, Massachusetts
Institute of Technology
Board Committees:
† Audit
†† Compensation
††† Corporate Governance
** Environmental Policy
* Strategic Direction
▲
Member, Office of the Chief Executive
D U P O N T
1
2000 @ A GLANCE
During 2000 DuPont reinforced its position as a
premier, global science company and continued the
journey toward sustainable growth by linking modern
biology with chemistry and physics. The goals for the
company remain unchanged:
■
To produce new and rewarding products that benefit
society and improve the lives of others,
■
While delivering sustainable growth, a reduced environmental footprint, and value to shareholders.
The three pillars of the company’s direction include:
Wall cladding
made of Zodiaq ®
in Indus Red.
✓ DuPont and Teijin Limited announced the start-up of
the joint venture, DuPont Teijin Films, to produce and
market polyester film globally.
✓ DuPont and Sabanci announced start-up of a joint
venture to produce and sell polyester filament, staple,
resins, intermediates and related products throughout
the European region, the Middle East and Africa.
✓ DuPont and General Mills announced plans to
Integrated Science — using our scientific and technological strength to focus research and development
resources on high growth initiatives in polymer-,
chemical-, electronic- and biology-based businesses
✓ DuPont and Fluor Daniel formed an alliance to license,
Highlights
In the face of one of the most difficult set of economic
and marketplace challenges we have faced in over a
decade — most notably, over $1.3 billion in higher
energy and raw material costs and negative currency
effects — we implemented aggressive pricing initiatives,
increased volumes and improved productivity programs
that resulted in 6 percent higher earnings per share.
We also made further progress toward focusing and
strengthening our portfolio of businesses while driving
initiatives that will leverage the company’s science and
technology positions.
Fabric made
with fibers of
SoronaTM.
January
Knowledge Intensive Growth — driving higher growth
and profitability by adding service, design or information
to our product offerings
Productivity Improvements — primarily through
Six Sigma. 1,100 experts are leading more than 3,400
projects that have achieved $370 million in annualized,
pre-tax benefits from projects completed through
December 2000 and an anticipated total of $700 million
in potential annualized benefits from projects active at
year-end.
■
2000 was an active year in our pursuit of
sustainable growth. The highlights include:
From a science and technology perspective, we introduced DuPont™ Sorona™, the new 3GT polymer that
we believe will demonstrate a unique combination of
physical properties and value-in-use. 3GT, while
currently produced through a petrochemical process, is
expected to become the company’s first significant
renewable resource-based material platform when a
key intermediate, 1,3 propanediol (PDO), is converted
to a bio-based production process in the near future.
■
We announced our intention to separate DuPont
Pharmaceuticals from the company.
■
We expanded our share buyback program to $2.5 billion,
to be funded largely by proceeds from asset sales.
■
We made significant progress in positioning our businesses to take advantage of e-commerce opportunities
by participating in the creation of business-to-business
market-makers in several key industries in which
we participate, including Industria Solutions, which
facilitates procurement in global fluid process industries.
collaborate in developing and marketing soy-based
foods and beverages to consumers.
design and construct the first industrial plants for
production of polyester packaging resins based on
new DuPont technology, NG-3. The first polymerization
process technology specifically developed for
packaging resins, NG-3 is expected to improve product
quality while lowering investment, operating costs
and emissions.
February
✓ The company realigned its management structure to
bring more specificity, speed and accountability to
the development and implementation of growth
strategies, naming a single Chief Operating Officer and
appointing four new group vice presidents.
✓ DuPont named the first five members of its external
Biotechnology Advisory Panel, an independent panel to
guide the company’s actions, to help create positions
on issues, and to counsel the company in the
development, testing and commercialization of new
products based on biotechnology.
March
✓ DuPont acquired UNIAX Corporation, a start-up
company that has produced the world’s first polymerbased plastic display used as an alternative to liquid
crystal display (LCD) technology.
✓ DuPont introduced Zodiaq
quartz surfaces, a new
brand and product category for continued growth in the
home and architectural surfaces market. Zodiaq ® is a
complement to DuPont™ Corian® solid surfaces.
®
April
✓ DuPont and Unifi Inc. announced a manufacturing
alliance to optimize facilities, increase productivity and
improve product quality of partially oriented polyester
filament yarn.
✓ DuPont announced a second phase of restructuring in
its global performance coatings business to eliminate
redundancies associated with the acquisition of
Herberts in 1999.
May
✓ The company announced expansion of DuPont™
Kapton® polyimide film production for flexible circuit
application in the wireless, digital and computer markets.
2
D U P O N T
July
December
✓ DuPont named Richard U. De Schutter as non-executive chairman of the board of DuPont Pharmaceuticals
Company and began a process to evaluate future
strategic alternatives. See December
✓ The company announced two actions to improve the
long-term competitiveness in its Pigments & Chemicals
business segment: the sale of its share in Quimica
Fluor, a Mexico-based manufacturer of anhydrous
hydrogen fluoride; and the restructuring of
manufacturing operations at its Chambers Works,
New Jersey, site.
August
✓ The company announced a joint development
agreement with a subsidiary of Tate & Lyle PLC for
production of polymers from renewable sources —
primarily developing a process to turn a carbohydrate
base (corn starch) into PDO used to manufacture
DuPont™ Sorona™. See Highlights
✓ DuPont subsidiary Qualicon Inc. teamed with the U.S.
Centers for Disease Control and Prevention (CDC) to
test the Qualicon RiboPrinter ® microbial characterization system’s ability to store and rapidly compare
patterns of foodborne disease-causing bacteria.
approved the company’s intent to separate DuPont
Pharmaceuticals from DuPont.
✓ Growers planting Pioneer
brand hybrids won 25 of
27 national awards — including first place in all nine
categories — in the 2000 National Corn Growers
Association Yield Contest. Pioneer ® hybrids out-yielded
competitive brands nationally by an average of 7.4
bushels per acre.
®
January 2001
✓ The company announced a joint development
agreement with Shipley Microelectronics, a wholly
owned subsidiary of Rohm and Haas Company, to
produce fully formulated 157 nanometer photoresists
and antireflective coatings for future generations of
semiconductor chips.
DuPont won several notable awards in 2000:
✓ Ranked Number 1 among the chemical industry in the
Fortune survey of “America’s Most Admired
Companies.”
✓ For the fifth consecutive year DuPont was named one
September
✓ The company announced formation of a new business
concept, DuPont Inova, that combines the textile
properties of DuPont™ Lycra® with the unique attributes
of nonwoven substrates.
October
✓ Alan Heeger, co-founder and consultant to UNIAX
Corp., a wholly-owned subsidiary of DuPont, received
the Nobel Prize in Chemistry.
✓ The company announced the integration of its apparel,
home textiles and related businesses into a new
global organization — DuPont Apparel and Textile
Sciences — which combines DuPont™ Lycra® brand
elastane, nylon textile and DuPont™ Dacron® branded
specialties and fiberfill businesses into a single,
market-focused unit.
✓ DuPont™ Lycra
✓ DuPont announced that its Board of Directors
and Nine West Group announced an
innovative concept in footwear that leverages the
strengths of the two fashion brands by focusing on
footwear with DuPont™ Lycra® brand elastane from the
Easy Spirit ® shoe division of Nine West.
®
November
✓ The American Heart Association published a position
supporting the beneficial effects of soy protein on the
human cardiovascular system. AHA’s position supports
FDA health claims for soy protein — important to
DuPont subsidiary Protein Technologies International,
the leading supplier of isolated soy protein.
of the “100 Best Managed Companies in the World” by
Industry Week.
✓ Named — for the 13th year in a row — one of the
“100 Best Companies for Working Women” by
Working Woman magazine.
✓ Named one of America’s 50 Best Companies for
Personal digital
assistant displays
developed by
UNIAX are based on
electroluminescent
polymers.
Minorities by Fortune magazine.
✓ Won the “Best Environmental Practice” category in the
Financial Times Energy Global Awards. This award
recognizes companies that have made a genuine
and sustained effort to create a good environmental
track record.
✓ DuPont was named to Information Week magazine’s
list of the 500 most innovative users of information
technology.
✓ Pioneer Hi-Bred International received a special commendation in honor of its “exceptional support” from the
World Food Prize Foundation, which recognizes those
who have made vital contributions to improving the
quality, quantity and availability of food worldwide.
✓ For the third consecutive year, DuPont was named one
of “The 50 Best Companies for Latinas to Work for in
the U.S.” by LatinaStyle magazine.
✓ DuPont was named to Exame magazine’s list of the top
100 companies to work for in Brazil. Exame is one of
Brazil’s leading business magazines.
✓ DuPont was named an Embry-Riddle Aeronautical
University Pinnacle Award winner in recognition of its
global leadership in corporate safety education.
D U P O N T
3
CORPORATE HIGHLIGHTS
(dollars in millions, except per share)
2000
Operating Results
Sales
Underlying Income from Continuing Operations
Reported Income from Continuing Operations
Reported Income from Discontinued Operations
Net Income
Depreciation
Cash Provided by Continuing Operations (see page 10)
Capital Expenditures
Research and Development Expense
28,268
2,878
2,314
–
2,314
1,415
5,070
2,022
1,776
26,918
2,843
219
7,471
7,690
1,444
4,840
6,988 2
1,617 3
Financial Position
Total Assets
Working Capital
Total Debt, includes Capital Lease Obligations
Stockholders’ Equity
39,426
2,401
9,905
13,299
40,777
1,425
11,566
12,875
Data Per Common Share
Earnings from Continuing Operations—Underlying 4
Earnings from Continuing Operations—Reported 4
Earnings from Discontinued Operations—Reported 4
Earnings 4
Dividends
Market Price—Year-End Close
High-Low Range
Book Value at Year-End
Average Number of Shares (millions)—Diluted
Shares Outstanding—Year-End (millions)
2.73
2.19
–
2.19
1.40
48 5/16
74 – 38 3/16
12.57
1,051
1,039
2.58
0.19
6.80
6.99
1.40
657/8
3
75 /16 – 501/16
12.09
1,098
1,045
Ratios
Total Stockholder Return
Dividend Yield 5
Share Price Appreciation
Continuing Operations P/E on Year-End Market Price—Underlying
Dividend Payout, as percentage of:
Underlying Continuing Operations Earnings
Cash Provided by Continuing Operations
Cash Provided by Continuing Operations per Share 4
Return on Average Stockholders’ Equity—Underlying
Return on Average Investors’ Capital—Underlying 6
Cash Provided by Continuing Operations as Percentage of Total Debt
Debt to Total Capital
Current Ratio
(24.5%)
2.9%
(26.7%)
18
26.8%
2.1%
24.1%
26
51%
29%
4.82
21.8%
13.7%
51%
42%
1.3
53%
31%
4.41
21.5%
13.2%
42%
46%
1.1
93
–
93
94
–
94
Other Totals
1
2
3
4
5
6
7
4
1999
Number of Employees—Year-End (thousands)
Continuing Operations
Discontinued Operations 7
Total
Excludes extraordinary item.
Includes strategic acquisitions of $4,905, $3,177 and $4,736 in 1999, 1998 and 1997, respectively.
Excludes purchased in-process research and development.
Diluted, based on average number of common shares.
Based on year-end share price.
Proforma return on average investors’ capital reflecting the impact of the Conoco split-off on stockholders’ equity and debt equals 16% for 1999, and averaged 17% for 1995 to 1998.
Divestiture of Conoco completed August 6, 1999.
D U P O N T
1998
1997
24,767
2,913
1,648
3,033
4,681 1
1,452
4,132
5,480 2
1,308 3
24,089
3,108
1,432
973
2,405
1,361
4,027
7,075 2
1,072 3
23,644
2,991
2,931
705
3,636
1,526
4,109
1,783
990
38,536
(2,374)
11,124
13,954
36,689
(2,110)
12,049
11,270
32,342
15
8,959
10,593
2.55
1.43
2.65
4.08 1
1.365
531/16
7
84 /16 – 5111/16
12.18
1,145
1,126
2.70
1.24
0.84
2.08
1.23
60 1/16
3
69 /4 – 46 3/8
9.77
1,150
1,130
2.61
2.56
0.62
3.18
1.115
47 1/16
11
49 /16 – 3413/16
9.19
1,140
1,127
(9.4)%
2.6%
(11.7)%
21
30.3%
2.0%
27.6%
22
38.3%
2.4%
34.7%
18
53%
37%
3.61
24.2%
12.4%
37%
43%
0.8
45%
35%
3.50
27.5%
15.1%
33%
51%
0.8
42%
31%
3.60
31.4%
16.0%
46%
45%
1.0
84
17
101
82
16
98
1996
82
15
97
Earnings Per Share – Diluted
Continuing Operations Before
One-time Items
Dividends Per Share
(dollars)
(dollars)
$3.00
$1.50
$2.50
$1.25
$2.00
$1.50
$1.00
$1.00
$0.50
1996
1997
1998
1999
2000
1996
1997
1998
1999
2000
As reported
Five-Year Performance 1996–2000
Stockholder Return
DuPont
S&P 500
Dividend Yield
2.4%
1.5%
Share Price Annual Appreciation
6.7%
16.5%
Total Annual Return*
9.4%
18.3%
Dividend Growth
6.6%
2.7%
DuPont
S&P 500
2.9%
2.1%
Share Price Annual Appreciation
10.1%
14.9%
Total Annual Return*
13.5%
17.4%
5.6%
3.0%
Ten-Year Performance 1991–2000
Stockholder Return
Dividend Yield
Dividend Growth
* Assumes a steady compounded rate of return over the period shown and includes
reinvestment of dividends.
D U P O N T
5
CONSOLIDATED INDUSTRY SEGMENT INFORMATION
(dollars in millions; sales exclude intersegment transfers and revenues of equity affiliates)
2000
1999
1998
Sales
Agriculture & Nutrition
Nylon Enterprise
Performance Coatings & Polymers
Pharmaceuticals
Pigments & Chemicals
Pioneer
Polyester Enterprise
Specialty Fibers
Specialty Polymers
Other
Total Segment Sales 1
2,511
4,554
6,485
1,487
3,907
1,938
2,533
3,452
4,508
456
31,831
2,592
4,487
6,111
1,630
3,660
427
2,649
3,448
4,255
481
29,740
2,787
4,594
4,563
1,156
3,659
369
2,797
3,296
4,040
542
27,803
Elimination of Intersegment Transfers
Elimination of Equity Affiliate Sales
Miscellaneous
Total Sales per Consolidated Financial Statements
(642)
(2,927)
6
28,268
(733)
(2,092)
3
26,918
(729)
(2,263)
(44)
24,767
After-Tax Operating Income –Underlying
Agriculture & Nutrition
Nylon Enterprise
Performance Coatings & Polymers
Pharmaceuticals
Pigments & Chemicals
Pioneer
Polyester Enterprise
Specialty Fibers
Specialty Polymers
Other
Total Underlying After-Tax Operating Income
245
301
733
133
715
106
69
690
713
(21)
3,684
264
389
645
263
633
(100)
(39)
731
666
22
3,474
325
406
525
185
578
5
(7)
662
606
110
3,395
Interest and Exchange Gain (Losses)
Corporate Expenses
Underlying Income from Continuing Operations
Net One-Time Items 2
Reported Income from Continuing Operations
(493)
(313)
2,878
(564)
2,314
(330)
(301)
2,843
(2,624)
219
(292)
(190)
2,913
(1,265)
1,648
1 Sales include pro rata equity affiliate sales and intersegment transfers.
2 For complete details of net one-time items, see DuPont Annual Report.
DuPont’s Share of
Equity Affiliate Sales
Equity Affiliate Analysis
Agriculture & Nutrition
Nylon Enterprise
Performance Coatings & Polymers
Pharmaceuticals
Pigments & Chemicals
Pioneer
Polyester Enterprise
Specialty Fibers
Specialty Polymers
Other
Total Segments
6
D U P O N T
DuPont’s Share of
Equity Affiliate Earnings
2000
1999
1998
2000
1999
1998
190
374
726
–
94
–
1,059
145
266
73
2,927
188
321
681
–
88
360
114
125
215
–
2,092
138
289
643
410
36
366
85
114
182
–
2,263
(13)
41
67
–
3
–
23
28
41
8
198
2
43
60
–
2
20
(13)
28
27
(4)
165
2
35
16
77
(3)
8
(1)
25
12
81
252
CONSOLIDATED INDUSTRY SEGMENT INFORMATION
(QUARTERLY)
(dollars in millions, except per share)
2000
1999
1st
2nd
3rd
Sales
Agriculture & Nutrition
Nylon Enterprise
Performance Coatings & Polymers
Pharmaceuticals
Pigments & Chemicals
Pioneer
Polyester Enterprise
Specialty Fibers
Specialty Polymers
Other
Total Segment Sales 1
626
1,123
1,653
389
960
921
589
905
1,091
125
8,382
843
1,172
1,716
394
1,038
803
676
892
1,151
147
8,832
454
1,150
1,572
389
974
129
657
848
1,124
108
7,405
After-Tax Operating Income – Underlying
Agriculture & Nutrition
Nylon Enterprise
Performance Coatings & Polymers
Pharmaceuticals
Pigments & Chemicals
Pioneer
Polyester Enterprise
Specialty Fibers
Specialty Polymers
Other
Total
63
87
179
54
164
172
9
201
165
1
1,095
135
88
190
51
186
144
11
175
183
6
1,169
13
74
170
41
169
(97)
19
167
175
(4)
727
34
52
194
(13)
196
(113)
30
147
190
(24)
693
(123)
(74)
898
(136)
(84)
949
(122)
(68)
537
(112)
(87)
494
Interest and Exchange Gain (Losses)
Corporate Expenses
Underlying Income from Continuing Operations
After-Tax Impact Gain/(Loss)
Productivity Improvements
In-Process Research & Development
Changes in Estimates of Restructuring and
Divestiture Activities, Litigation, etc.
Interest, Exchange, Corporate and Tax Items
Joint Ventures and Other Investments
Discontinuation of Certain Products,
Misc. Asset Sales, Write-downs, and Other
Net Gain/(Loss)
Reported Income from Continuing Operations 2
4th
Full Yr.
1st
2nd
3rd
588 2,511
1,109 4,554
1,544 6,485
315 1,487
935 3,907
85 1,938
611 2,533
807 3,452
1,142 4,508
76
456
7,212 31,831
720
1,103
1,150
409
866
60
624
863
989
115
6,899
827
1,149
1,656
380
949
265
643
857
1,057
122
7,905
423
1,097
1,592
384
912
38
668
852
1,057
115
7,138
245
301
733
133
715
106
69
690
713
(21)
3,684
98
102
140
75
146
(7)
(6)
181
164
10
903
146
104
160
49
158
59
(13)
168
164
13
1,008
(10)
87
155
58
162
(26)
(23)
189
166
21
779
30
96
190
81
167
(126)
3
193
172
(22)
784
264
389
645
263
633
(100)
(39)
731
666
22
3,474
(493)
(313)
2,878
(82)
(72)
749
(48)
(74)
886
(81)
(73)
625
(119)
(82)
583
(330)
(301)
2,843
(40)
(107)
11
(40)
(81)
11
(123)
(106)
(95)
803
(138)
(261)
688
(59)
19
78
(29)
(191)
(211)
19
(113)
(13)
25
562
(13)
(233)
261
(270)
(564)
2,314
(121)
628
(40)
846
1
2
3
Full Yr.
622 2,592
1,138 4,487
1,713 6,111
457 1,630
933 3,660
64
427
714 2,649
876 3,448
1,152 4,255
129
481
7,798 29,740
(147)
(2,237) (2,277)
47
49
158
2000
Earnings Per Share of Common Stock—Diluted 3
Continuing Operations Underlying Net Income
One-Time Items
Continuing Operations Reported Net Income
4th
47
(32)
158
(337)
(36) (373)
(444) (2,019) (2,624)
181 (1,436)
219
1999
1st
2nd
3rd
4th
.85
(.09)
.76
.90
(.25)
.65
.51
.02
.53
.47
(.22)
.25
Full Yr.
2.73
(.54)
2.19
1st
2nd
3rd
.66
(.11)
.55
.78
(.04)
.74
.59
(.42)
.17
4th
.55
(1.93)
(1.38)
Full Yr.
2.58
(2.39)
.19
Sales include pro rata equity affiliate sales and intersegment transfers.
For complete details of earnings adjusted for one-time items, see the respective DuPont quarterly earnings releases.
Earnings per share for the year may not equal the sum of quarterly earnings per share due to changes in average share calculations.
D U P O N T
7
CONSOLIDATED INCOME STATEMENT
(dollars in millions, except per share)
2000
1999
1998
1997
1996
Sales
Other Income 1
Total
28,268
934
29,202
26,918
974
27,892
24,767
981
25,748
24,089
1,005
25,094
23,644
1,101
24,745
Cost of Goods Sold and Other Operating Charges
Selling, General and Administrative Expenses
Depreciation
Amortization of Goodwill and Other Intangible Assets
Research and Development Expense
Interest Expense
Purchased In-Process Research and Development
Employee Separation Costs and Write-Down of Assets
Gain on Issuance of Stock by Affiliates
Total
18,207
3,041
1,415
445
1,776
810
(11)
101
(29)
25,755
16,991
2,595
1,444
246
1,617
535
2,250
524
–
26,202
15,556
2,115
1,452
108
1,308
520
1,443
633
–
23,135
15,544
2,061
1,361
20
1,072
389
1,478
340
–
22,265
15,289
2,119
1,526
25
990
409
–
–
–
20,358
3,447
1,072
61
2,314
1,690
1,410
61
219
2,613
941
24
1,648
2,829
1,354
43
1,432
4,387
1,416
40
2,931
–
–
594
973
705
–
–
7,471
7,690
2,439
4,681
–
2,405
–
3,636
–
2,314
–
7,690
(201)
4,480
–
2,405
–
3,636
2.19
–
2.19
–
2.19
.19
6.80
6.99
–
6.99
1.43
2.65
4.08
(.18)
3.90
1.24
.84
2.08
–
2.08
2.56
.62
3.18
–
3.18
289
349
168
394
(266)
934
135
289
185
16
349
974
278
159
112
375
57
981
643
64
131
64
103
1,005
694
72
118
162
55
1,101
Income from Continuing Operations Before Income Taxes
and Minority Interests
Provision for Income Taxes
Minority Interests in Earnings of Consolidated Subsidiaries
Income from Continuing Operations
Discontinued Operations
Income from Operations of Discontinued Business,
Net of Income Taxes
Gain on Disposal of Discontinued Business,
Net of Income Taxes
Income Before Extraordinary Item
Extraordinary Charge from Early Extinguishment of Debt,
Net of Income Taxes
Net Income
Diluted Earnings (Loss) Per Share of Common Stock
Continuing Operations Before Extraordinary Item
Discontinued Operations
Before Extraordinary Item
Extraordinary Charge
Net Income
1 Other Income:
Equity in earnings of affiliates
Royalty income
Interest income, net of miscellaneous interest expense
Gains (losses) on sales of assets
Miscellaneous income and expense—net
Total Other Income
8
D U P O N T
CONSOLIDATED BALANCE SHEET
(dollars in millions)
December 31
2000
1999
1998
1997
1996
Assets
Current Assets
Cash and Cash Equivalents
Marketable Securities
Accounts and Notes Receivable
Inventories
Prepaid Expenses
Deferred Income Taxes
Total Current Assets
1,540
77
4,552
4,658
228
601
11,656
1,466
116
5,318
5,057
202
494
12,653
1,059
10
4,201
3,129
192
645
9,236
1,004
142
4,309
2,792
169
691
9,107
1,066
253
3,804
2,436
142
761
8,462
Property, Plant and Equipment
Less: Accumulated Depreciation
Net Property, Plant and Equipment
Goodwill and Other Intangible Assets
Investment in Affiliates
Other Assets
Net Assets of Discontinued Operations
Total
34,650
20,468
14,182
8,365
2,206
3,017
–
39,426
35,416
20,545
14,871
8,724
1,459
3,070
–
40,777
34,728
20,597
14,131
2,566
1,796
2,390
8,417
38,536
32,911
20,310
12,601
1,270
2,372
2,941
8,398
36,689
30,432
19,473
10,959
211
1,572
3,286
7,852
32,342
2,731
3,247
250
3,027
9,255
2,780
4,941
359
3,148
11,228
1,929
6,629
130
2,922
11,610
1,921
6,152
120
3,024
11,217
1,737
3,907
121
2,682
8,447
Long-Term Borrowings and Capital Lease Obligations
Other Liabilities
Deferred Income Taxes
Total Liabilities
6,658
7,729
2,105
25,747
6,625
7,872
1,660
27,385
4,495
7,640
430
24,175
5,897
7,444
500
25,058
5,052
7,434
501
21,434
Minority Interests
Stockholders’ Equity
Total
380
13,299
39,426
517
12,875
40,777
407
13,954
38,536
361
11,270
36,689
315
10,593
32,342
Liabilities and Stockholders’ Equity
Current Liabilities
Accounts Payable
Short-Term Borrowings and Capital Lease Obligations
Income Taxes
Other Accrued Liabilities
Total Current Liabilities
D U P O N T
9
CONSOLIDATED STATEMENT OF CASH FLOWS
(dollars in millions)
Cash and Cash Equivalents at Beginning of Year
Cash Provided by Continuing Operations
Net Income
Adjustments to Reconcile Net Income to Cash Provided
by Continuing Operations:
Net Income from Discontinued Operations
Extraordinary Charge from Early Retirement of Debt
Depreciation
Amortization of Goodwill and Other Intangible Assets
Purchased In-Process Research and Development
Other Noncash Charges and Credits—Net
Decrease (Increase) in Operating Assets:
Accounts and Notes Receivable
Inventories and Other Operating Assets
Increase (Decrease) in Operating Liabilities:
Accounts Payable and Other Operating Liabilities
Accrued Interest and Income Taxes
Cash Provided by Continuing Operations
Investment Activities of Continuing Operations
Purchases of Property, Plant and Equipment
Investments in Affiliates
Payments for Businesses (Net of Cash Acquired)
Proceeds from Sales of Assets
Net Proceeds from Sale of Interest in
Petroleum Operations
Net Decrease (Increase) in Short-Term
Financial Instruments
Miscellaneous—Net
Cash Used for Investment Activities of Continuing Operations
Financing Activities
Dividends Paid to Stockholders
Net Increase (Decrease) in Short-Term Borrowings
Long-Term and Other Borrowings:
Receipts
Payments
Acquisition of Treasury Stock
Repurchase of Warrants
Proceeds from Exercise of Stock Options
Increase (Decrease) in Minority Interests
Cash Used for Financing Activities
Net Cash Flow from Discontinued Operations 2
Effect of Exchange Rate Changes on Cash
Cash and Cash Equivalents at Year-End
Increase (Decrease) in Cash and Cash Equivalents
1
2
10
Includes cash and cash equivalents classified in the Consolidated Balance Sheet within
“Net Assets of Discontinued Operations.”
Includes payments of direct expenses related to the Conoco initial public offering and
exchange transactions.
D U P O N T
2000
1999
1998
1997
1996
1,466
1,434
1,004
1,066
1,408
2,314
7,690
4,480
2,405
3,636
–
–
1,415
445
(11)
899
(7,471)
–
1,444
246
2,250
443
(3,033)
275
1,452
108
1,443
(319)
(973)
–
1,361
20
1,478
569
(705)
–
1,526
25
–
(270)
379
(727)
(21)
(384)
(580)
(74)
(783)
(355)
(262)
(283)
64
292
5,070
185
458
4,840
254
126
4,132
(20)
325
4,027
151
291
4,109
(1,925)
(97)
(46)
703
(2,055)
(48)
(5,073)
609
(2,240)
(63)
(3,282)
946
(2,089)
(1,920)
(1,238)
558
(1,665)
(82)
(75)
996
–
–
4,206
–
–
25
96
(1,244)
(258)
14
(6,811)
131
124
(178)
115
552
(4,022)
(197)
36
(987)
(1,465)
(95)
(1,511)
(3,244)
(1,549)
1,574
(1,401)
1,737
(1,261)
(954)
4,996
(6,574)
(462)
–
63
–
(3,537)
8,420
(5,612)
(690)
–
168
105
(2,364)
6,335
(8,966)
(704)
–
257
–
(3,053)
6,462
(5,562)
(1,747)
–
116
(56)
(451)
3,194
(5,171)
–
(504)
315
363
(4,018)
–
(215)
1,540
74
4,475
(108)
1,466
32
(568)
97
1,434 1
430
483
(99)
1,004
(62)
606
(52)
1,066
(342)
1
SELECTED ADDITIONAL DATA
(dollars in millions)
Effective Income Tax Rate
Statutory U.S. Federal Income Tax Rate
International Operations
Lower Effective Tax Rate on Export Sales
In-Process Research & Development*
Other—Net
Effective Income Tax Rate
2000
1999
1998
1997
35.0%
(2.8)
(1.7)
–
(0.6)
31.1%
35.0%
4.2
(2.2)
46.6
(0.2)
83.4%
35.0%
2.0
(1.9)
1.7
(0.8)
36.0%
35.0%
(3.5)
(2.2)
17.9
0.7
47.9%
* Certain charges associated with the 1999 Pioneer transaction and the 1997 Pioneer and PTI transactions were not tax affected because these purchases
were stock acquisitions rather than asset purchases.
2000
As a Percentage of Sales:
Cost of Goods Sold and Other Operating Charges
Selling, General and Administrative Expenses
Research and Development Expense
Underlying Income from Continuing Operations
Cash Provided by Continuing Operations
Times Interest Earned*
64%
11
6
10
18
5.9
1999
63%
10
6
11
18
7.8
1998
63%
9
5
12
17
7.9
1997
1996
65%
9
4
13
17
11.2
65%
9
4
13
17
10.6
* Underlying income from continuing operations before income taxes, plus interest and debt expense, divided by the sum of interest and debt expense and capitalized interest.
Research and Development Expenditures
Amount
Breakdown by Product Area:
Polymer Science
Health Science
Agricultural Science
Imaging Systems
Electronic Materials
Chemicals
Other
Total
Selected Additional Data
Annual Percent Change in Sales Versus Prior Year*
Portion due to Selling Prices
Portion due to Volume and Mix*
Average Manufacturing Capacity Utilization
1,776
1,617
1,308
1,072
990
30%
32
29
–
5
4
–
100%
36%
29
26
–
5
4
–
100%
48%
13
26
–
7
6
–
100%
54%
–
26
2
6
10
2
100%
52%
–
26
5
4
10
3
100%
1%
(1)
2
81%
0%
(3)
3
83%
(4)%
(2)
(2)
82%
4%
(3)
7
88%
2%
(1)
3
88%
* Percentage changes are calculated using sales adjusted to exclude current-year sales from acquisitions when there are no comparable prior-year sales, and to exclude
prior-year sales of businesses that have been divested.
D U P O N T
11
SELECTED ADDITIONAL DATA
(dollars in millions)
Financial Results
Sales by Quarter
1st
2nd
3rd
4th
Total
Income from Continuing Operations (Excluding One-Time Items) 1
1st
2nd
3rd
4th
Total
Continuing Operations
Earnings Per Share by Quarter (Excluding One-Time Items) 1
1st — Diluted
2nd— Diluted
3rd — Diluted
4th — Diluted
Total 2
— Diluted
2000
1999
1998
7,593
7,914
6,445
6,316
28,268
6,295
7,024
6,459
7,140
26,918
6,194
6,432
6,042
6,099
24,767
898
949
537
494
2,878
749
886
625
583
2,843
782
839
610
682
2,913
.85
.90
.51
.47
.66
.78
.59
.55
.68
.73
.53
.60
2.73
2.58
2.55
1 Excludes Extraordinary Item.
2 Earnings per share for the year may not equal the sum of quarterly earnings per share due to changes in average share calculations.
Geographic Information
1999
1998
Net
Property
Net
Sales*
Net
Property
Net
Sales*
Net
Property
14,509
1,074
581
76
16,240
8,887
538
165
151
9,741
13,656
989
500
114
15,259
8,977
482
146
150
9,755
13,075
881
421
93
14,470
8,454
459
117
135
9,165
Europe, Middle East and Africa
Germany
France
United Kingdom
Italy
Other
Total
1,716
986
783
915
2,474
6,874
641
181
721
29
1,232
2,084
1,743
979
960
884
2,598
7,164
887
195
941
10
1,202
3,235
1,450
904
988
902
2,108
6,352
388
181
1,078
5
1,188
2,840
Asia Pacific
Japan
Taiwan
China
Singapore
Other
Total
1,023
809
487
134
1,506
3,959
78
680
142
345
126
1,371
928
690
361
112
1,393
3,484
138
769
146
379
197
1,629
820
591
398
86
947
2,842
159
707
208
635
244
1,953
South America
Brazil
Other
Total
686
509
1,955
123
143
266
594
417
1,011
100
152
252
659
444
1,103
83
90
173
28,268
14,182
26,918
14,871
24,767
14,131
North America
United States
Canada
Mexico
Other
Total
Total
* Sales are attributed to countries based on location of customer.
12
2000
Net
Sales*
D U P O N T
Net Sales to Customers Outside the United States as a Percentage of Sales
2000
66%
36
60
27
46
32
39
60
49
34
49%
Agriculture & Nutrition
Nylon Enterprise
Performance Coatings & Polymers
Pharmaceuticals
Pigments & Chemicals
Pioneer
Polyester Enterprise
Specialty Fibers
Specialty Polymers
Other
Total
1999
66%
37
58
24
44
33
47
60
48
47
49%
1998
63%
38
48
22
43
34
43
60
46
53
47%
Exports from the United States
2000
1999
1998
5,091
18%
4,331
16%
3,991
16%
2000
1999
1998
1997
1996
160
324
174
198
198
164
240
157
137
164
164
224
170
128
168
164
184
185
166
181
171
183
172
171
178
Sales (dollars in millions)
As a Percentage of Total Sales
Purchased Materials Cost Index (1977 = 100; period average)
Basic Materials
Precious Metals
Chemicals
Hydrocarbons
Total Purchased Index
Total Variable Cost of Goods
Top Purchased Energy and Raw Materials
Primary Uses
Paraxylene ................................. Polyester
Natural gas ................... Nylon
Cyclohexane .............. Nylon
Electricity ................... Various
Butadiene ..................... Nylon
Ethane .............................. Packaging Polymers
Titanium dioxide ores .......... White Pigments
Precious metals ......................... i Technologies
Chlorine .......................................... White Pigments
Organic pigments ............................... Performance Coatings
Fiberglass ............................................... Engineering Polymers
D U P O N T
13
SELECTED ADDITIONAL DATA
Price and Volume Change Summary
Selling Price and Sales Volume Worldwide
Percentage Change from Prior Year
Selling Price and Sales Volume Worldwide
Indices, 1990 = 100
10
150
145
8
140
135
6
130
125
4
120
115
2
110
105
0
100
95
-2
90
85
-4
80
1991
1992
Price
1993
1994
1995
1996
1997
1998
1999
2000
Volume
1991
1992
Price
Selling Price % Change from Prior Year
1993
1994
1995
1996
1997
1998
2000
Volume
Sales Volume % Change from Prior Year*
Year
Worldwide
U.S.
Other Regions
Year
Worldwide
U.S.
Other Regions
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
(1)
(1)
(3)
(1)
5
(1)
(3)
(2)
(3)
(1)
0
(1)
0
(1)
3
0
0
(1)
(2)
1
(2)
(2)
(7)
(2)
8
(3)
(7)
(2)
(4)
(3)
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
(2)
4
2
9
4
3
7
(2)
3
2
(4)
4
1
5
1
3
5
(3)
1
(2)
1
6
2
15
7
4
10
(1)
6
6
2000 Selling Price % Change from Prior Year
2000 Sales Volume % Change from Prior Year*
Qtr
Worldwide
U.S.
Other Regions
Qtr
Worldwide
U.S.
Other Regions
1st
2nd
3rd
4th
Year
(3)
(1)
1
(3)
(1)
(1)
1
3
2
1
(5)
(3)
(1)
(7)
(3)
1st
2nd
3rd
4th
Year
6
5
2
(4)
2
(1)
4
(3)
(10)
(2)
13
7
9
2
6
* Percentage changes are calculated using sales adjusted to exclude current-year sales from acquisitions when there are no comparable prior-year sales and to exclude
prior-year sales of businesses that have been divested.
14
1999
D U P O N T
THE DUPONT COMMITMENT: SAFETY, HEALTH, AND THE ENVIRONMENT
We affirm to all our stakeholders, including our employees,
customers, shareholders and the public, that we will
conduct our business with respect and care for the
environment. We will implement those strategies that build
successful businesses and achieve the greatest benefit for
all our stakeholders without compromising the ability of
future generations to meet their needs.
U.S. Toxics Release Inventory Waste & Emissions
1,000
900
800
700
600
500
400
We will continuously improve our practices in light of
advances in technology and new understandings in safety,
health, and environmental science. We will make consistent,
measurable progress in implementing this Commitment
throughout our worldwide operations. DuPont supports the
chemical industry’s Responsible Care ® initiative as a key
program to achieve this Commitment.
300
200
100
’87
0
’91
’92
Total Waste as
Generated
’93
’94
’95
Deepwell Disposal of
Hazardous Waste
’96
’97
’98
Total Releases to Air,
Water and Land
’99
(Millions of pounds)
Data as reported to the U.S. Environmental Protection Agency. 286 new chemicals were
added in 1995. Total waste as generated first reported in 1991. Reflects reductions of
24% in total waste as generated, 84% in deepwell disposal, and 57% reduction in air,
water and land releases. Increase in total waste as generated in 1998 and 1999 reflects
143 MM lbs./yr. recycled on-site by two newly acquired facilities.
Total Recordable Injuries & Illnesses
Global Greenhouse Gases & Energy Consumption
14
300
250
12
200
10
150
100
8
50
6
0
150
4
100
2
50
’94
’95
’96
’97
DuPont
Chemical Industry Average
DuPont (includes event-related injuries and illnesses)
(Recordable injuries per 200,000 hours worked)
0
’93
’98
’99
’00E
Manufacturing Industry Average
1998, 1999 and 2000 (estimated) injury/illness statistics for employees reflect expanded
reporting of cumulative musculoskeletal disorders. Comparative statistics are not
available for years prior to 1998. Industry data not available for 1999 and 2000.
Six Sigma
2000 was the first full year of implementation across the
company. By year-end, Six Sigma was in place in every
business and region. The company was engaged in the most
massive training program in recent history, with about 1,100
trained Black Belts in place and more than 3,400 projects active
at year-end. The potential pretax benefit from active projects
was $700 million. The actual annualized pretax benefit from
completed projects at the end of 2000 was $370 million.
0 ’90
’94
’95
Total (includes CFCs)*
’96
Total, Kyoto Basis
(excludes CFCs)*
* (Billions of pounds, Carbon Dioxide Equivalents)
** (Percentage)
’97
’98
’99
Global Energy Consumption
(Indexed to 1990=100)**
Data indicate a 57% reduction (49% reduction of Kyoto basket of gases) in greenhouse
gas emissions since 1990. DuPont expects to achieve a 60% reduction (Kyoto basis) by
the year 2000. Global energy consumption has been nearly flat since 1990, despite a
35% increase in production.
Focus of Six Sigma Project Benefits
56%
44%
Manufacturing Operations Improvements
Transactional Processes
70%
30%
Reduced Costs
Opportunities for Increased Revenue
D U P O N T
15
AGRICULTURE & NUTRITION
Businesses
Strategies
Competitive Strengths
William F. Kirk
Group Vice President
DuPont Crop
Protection
James C. Borel
Vice President/
General Manager
DuPont Nutrition
& Health
■
Develop and commercialize new
products to improve efficacy of pest
control and reduce environmental impact
■
Strong discovery capability based on
chemical, biological and genetic
sciences
■
Continue to build and demonstrate the
value of the broad and effective line of
existing products
■
Global participation in agriculture, food
and feed industries
■
High brand recognition
■
Develop new business models
particularly in e-commerce
■
Capitalize on cross-business-unit
synergy opportunities
■
Build world-class, great tasting,
healthy food ingredients business
■
Leading position in soy protein
■
■
Develop high-value feeds business to
pull through proprietary seed technology
Strong discovery capability based
on biological, genetic and chemical
sciences
■
Develop food safety solutions
■
Broad and deep solutions capability to
address needs of the food industry
J. Erik Fyrwald
Vice President/
General Manager
2000 Business Unit Total Sales
2000 Segment Sales by Major Industry
Fungicides 13%
Crop Protection 80%
Herbicides 58%
Insecticides 9%
Food & Nutrition 20%
16
D U P O N T
Food Ingredients 18%
Paper 2%
DuPont
Specialty Grains
DuPont
Steward
TM
TM
insecticide
DuPont
Avaunt
TM
TM
insecticide
DuPont
Accent®
TM
DuPont
Londax®
TM
herbicide
herbicide
DuPont
Supro®
TM
soy protein
DuPont
RiboPrinter®
TM
microbial characterization system
DuPont
Equation®
TM
fungicide
Overview (dollars in millions)
Total Segment Sales
Intersegment Transfers
After-Tax Operating Income–Underlying
After-Tax Operating Income–Reported
Depreciation and Amortization
Equity in Earnings of Affiliates
Provision for Income Taxes
Segment Net Assets
Affiliate Net Assets
Expenditures for Long-Lived Assets
2000
1999
1998
2,511
–
2,592
–
2,787
–
245
189
142
(13)
(43)
264
159
142
2
(71)
325
252
133
2
43
3,021
145
154
3,228
123
262
3,067
170
214
D U P O N T
17
AGRICULTURE & NUTRITION
Principal Products
Major Markets
Major Plants
Major Raw Materials
Significant Competitors
Broadleaf weed control
Grassy weed control
Mobile, AL
El Paso, IL
Manati, PR
Cernay, France
Loon-Plage, France
Aminodimethoxypyrimidine
Cyanuric chloride
Monomethylamine
Nicotinic acid
Aventis
BASF
Bayer
Dow Agrosciences
Monsanto
Syngenta
Broadleaf weed control
Weed control
El Paso, IL
Manati, PR
Guanidine
Methyl thioglycolate
Saccharin
Sulfentrazone
Broadleaf weed control
Selective weed control
Manati, PR
Girraween, Australia
Cernay, France
Loon-Plage, France
Surabaya, Indonesia
Benzyl mercaptan
Cyanamide
Dimethyl carbonate
Methyl thioglycolate
Saccharin
Selective pre- and
postemergence weed
control
Manati, PR
Shanghai, China
Loon-Plage, France
Aminodimethoxypyrimidine
o-Toluic acid
Postemergence weed
control
Lerma, Mexico
Glyphosate
Pyrithiobac sodium
Selective broadleaf weed
and grass control
Cernay, France
Aminodimethoxypyrimidine
Postemergence weed
control
Manati, PR
Cernay, France
Loon-Plage, France
2-Carbomethoxy6-methylbenzenesulfonyl
chloride
Sugarcane herbicides:
Advance®
Velpar® K
Preemergence
weed control
LaPorte, TX
Diuron
Hexazinone
Citrus herbicides:
Hyvar®
Krovar®
Preemergence
weed control
LaPorte, TX
Bromaci
Diuron
Tomato herbicides:
Shadeout®
Selective weed control
Cernay, France
Aminodimethoxypyrimidine
Brush and weed control
LaPorte, TX
Manati, PR
Lerma, Mexico
Cyclohexyl isocyanate
Dichlorophenol isocyanate
Diuron
Glyphosate
Hexazinone
Saccharin
Plant disease control
LaPorte, TX
Belle, WV
Cernay, France
Bolzano, Itay
Asturias, Spain
Lung Tan, Taiwan
Bangpoo, Thailand
Acetic anhydride
Butylamine
Cyanamide
Cyanoacetic acid
Ethylurea
Fluorobenzene
Triazole
DuPont Crop Protection www.dupont.com/ag
Herbicides
Corn herbicides:
Accent® and Accent®
Gold®
Basis® and Basis® Gold®
Leadoff®
Steadfast®
Titus®
Soybean herbicides:
Assure® II
Authority®
Canopy® and Canopy® XL
Classic®
Reliance™
Synchrony® STS®
Cereal herbicides:
Ally®
Express®
Finesse®
Glean®
Granstar®
Harmony®
Lexus®
Rice herbicides:
Gulliver®
Londax®
Cotton herbicides:
Staple®
Staple® Plus
Potato herbicides:
Matrix®
Sugar beet herbicides:
Debut®
Safari®
Upbeet®
Specialty herbicides:
Vegetation management
(forestry and noncrop)
Oust® and Velpar®
Oustar™
Fungicides
Benlate®
Curzate®
Equation®
Famoxate™
Nustar®
Punch®
18
D U P O N T
Aventis
BASF
Bayer
Syngenta
Principal Products
Major Markets
Major Plants
Major Raw Materials
Significant Competitors
Mobile, AL
LaPorte, TX
Cernay, France
Savli, India
Bolzano, Italy
Lerma, Mexico
Cabuyao, Philippines
Lung Tan, Taiwan
Bangpoo, Thailand
Acetaldoxime
Ammonia
Caustic soda
m-Cresol
Cyclohexanone
Methanol
Methyl mercaptan
Monochlorobenzene
Monoethylamine
Monomethylformamide
Phosphorus pentachloride
Trichloroacetaldehyde
Aventis
Bayer
Dow Agrosciences
Syngenta
DuPont Crop Protection (continued)
Insecticides
Asana®
Avaunt™
Lannate®
Steward™
Vydate®
Direct control and
residual action
insect control
DuPont Nutrition & Health
Food Protein (Protein Technologies International Inc.) www.protein.com www.suprosoy.com
SUPRO® soy isolated
Food industry
Louisville, KY
Soybean flake and meal
soy protein
Pryor, OK
Memphis, TN
leper, Belgium
Food and grain ingredient
companies
Specialty Grains and Production Systems (DuPont Specialty Grains) www.dupontsg.com
Optimum™ corn and other
Feed and grain
Des Moines, IA
Seeds
value-enhanced grains
processing
Trait technologies
Grain companies
Microbial Diagnostic Products & Services (Qualicon Inc.) www.qualicon.com
RiboPrinter® microbial
Food and health
Wilmington, DE
characterization system
BAX® system for pathogen
screening and GMO testing
Food safety and quality
management services
Microbiological testing
and instrumentation
companies
Acquisitions and Joint Ventures
General Mills/PTI — Minnesota (2000 – joint venture) soy-based consumer food products
Pioneer Hi-Bred International — (1999 – acquisition of remaining 80% interest) see page 34
So Good — Petersborough, U.K. (1999 – joint venture) soy-based consumer food products
Agar Cross — Argentina (1999 – purchased remaining 55% of joint venture) crop protection
Agroproducts Corey, S.A. de C.V. — Mexico (1998 – 49% joint venture) agricultural products
Plaguicidas y Fertilizantes Nacionales S.A. de C.V. — Mexico (1998 – 40% joint venture) agricultural products
Cereal Derived Functional Ingredients (CDFI) business, Dalgety — United Kingdom (1998 – acquisition)
Griffin L.L.C. — (1998 – joint venture) crop protection
Hybrinova S.A. — France (1998 – acquisition) R&D capabilities, chemical hybridizing agent and hybrid wheat seeds
AO Khimprom, Novocheboksarsk — Russia (1997 – joint venture) crop protection
DuPont Specialty Grains — Iowa (1997 – joint venture) agricultural research and development
Pfister Hybrid Corn Company — United States (1997 – acquisition)
Pioneer Hi-Bred International — (1997 – 20% interest)
Protein Technologies International — (1997 – acquisition) soybean proteins
Westrade — Central America (1997 – joint venture) distribution
Divestitures and Shutdowns
Cereals Innovation Centre — Cambridge, U.K. (2000)
Fiber Sales and Development (subsidiary of Protein Technologies International) — Urbana, Ohio (2000)
Fortress® (1999)
D U P O N T
19
NYLON ENTERPRISE
Businesses
Strategies
Competitive Strengths
W. Donald Johnson
Group Vice President
DuPont Industrial Nylon
DuPont Apparel
■
Pursue niche markets for new growth
■
Global market position
■
Integrate offering of yarn and treated
fabric
■
Low-cost producer
■
Strong brand image, e.g., DuPont™
Cordura®
■
Lower cost through Six Sigma
■
Drive global growth opportunities for
heavy denier industrial nylon through our
DUSA International joint venture
■
Technology leadership
■
Build DuPont™ Tactel® brand globally
■
Technology leadership
■
Reduce cost and capital through asset
renewal and Six Sigma
■
■
Expand differentiated fiber offerings
Strong brand image, e.g., DuPont™
Tactel®, DuPont™ Supplex®, DuPont™
Cordura®
■
Capability to develop unique applications
■
Strong brand image, e.g., DuPont™
Stainmaster®, DuPont™ Antron®
■
Technology leadership
■
Low-cost producer
■
Proprietary manufacturing technologies
■
Low-cost producer
Eduardo W. Wanick
Vice President /
General Manager
DuPont Flooring
Systems
■
Continue to enhance quality
■
Lower cost through Six Sigma
■
Expand differentiated fiber offerings
Alan S. Wolk
Vice President /
General Manager
DuPont Nylon
Intermediates,
Specialties &
Polymer
■
■
Kenneth W. Wall
Vice President /
General Manager
20
D U P O N T
Maintain low-cost manufacturing
advantage through asset productivity
gains and Six Sigma
Develop specialty businesses
DuPont
Cordura®
DuPont
Xtra Life
nylon yarn
nylon fibers
TM
TM
DuPont
Tactel®
TM
TM
brand fiber
DuPont
Supplex®
DuPont
Antron®
textile nylon
commercial carpet
TM
TM
DuPont
Dibasic Ester
TM
2000 Business Unit Total Sales
2000 Segment Sales by Major Industry
Aerospace/Aircraft 1%
Flooring Systems 43%
Chemical/Petrochemical 9%
Industrial Systems 14%
Construction Materials 24%
Textile/Apparel 32%
Intermediates 21%
Home Furnishings 16%
Apparel 22%
Plastics 5%
Motor Vehicle 13%
Overview (dollars in millions)
Total Segment Sales
Intersegment Transfers
After-Tax Operating Income–Underlying
After-Tax Operating Income–Reported
Depreciation and Amortization
Equity in Earnings of Affiliates
Provision for Income Taxes
Segment Net Assets
Affiliate Net Assets
Expenditures for Long-Lived Assets
2000
1999
1998
4,554
31
4,487
35
4,594
39
301
328
239
41
190
389
63
241
43
220
406
244
236
35
189
3,298
854
312
3,077
572
377
3,082
551
493
D U P O N T
21
NYLON ENTERPRISE
Principal Products
Major Markets
Apparel www.dupont.com/corp/markets/apparel
Nylon yarns including
Activewear
Hosiery
Antron®, Antron® III
Intimate apparel
and Cordura® and
yarns for fabrics
Outerwear
Swimwear
including Supplex®
Upholstery
and Tactel®
Flooring Systems antron.dupont.com
Nylon fibers for residential
Automotive carpeting
carpets including
Commercial flooring
Mats
Stainmaster®,
Residential flooring
Stainmaster® Xtra Life®,
Rugs
Stainmaster® Luxura®,
Stainmaster Plus®,
Stainmaster®
MasterLife® and
Stainmaster® Grand
Luxura™
Nylon fibers for
commercial carpets
including Antron®
Legacy, Antron
Lumena® and DSDN®
Industrial Nylon www.dupont.com/cordura
Nylon high-tenacity yarns
Air bags
Belts and hoses
including Cordura® and
tire cord fabrics
Soft-sided luggage
Tires
Major Plants
D U P O N T
Significant Competitors
Seaford, DE
Adipic acid
Athens, GA
Caprolactam
Camden, SC
Hexamethylenediamine
Chattanooga, TN
Mercedes, Argentina
Americana, Brazil
Oestringen, Germany
Mihara, Japan
Monterrey, Mexico
Kuan Yin, Taiwan
Gloucester, United Kingdom
Asahi Chemical
BASF
Formosa (FCFC)
Hyosung
Kolon
Nilit
Radici
Rhodia (Nylstar)
Tae Kwang
Toray
Universal Fiber Systems
Seaford, DE
Athens, GA
Camden, SC
Waynesboro, VA
Kingston, Canada
Oestringen, Germany
Uentrop, Germany
BASF
Beaulieu
Honeywell
KoSa
Rhodia
Solutia
Toray
Universal Fiber Systems
Adipic acid
Hexamethylenediamine
Laurel Hill, NC
Adipic acid
Whiteville, NC
Caprolactam
Chattanooga, TN
Hexamethylenediamine
Berazategui, Argentina
Camacari, Brazil
Kingston, Canada
Qingdao, China
Cairo, Egypt
Muhlhausen, Germany
Citeureup, Indonesia
Izmit, Turkey
Gloucester, United Kingdom
Nylon Intermediates, Specialties & Polymer www.dupont.com/intermediates
Adi-pure® adipic acid
Adhesives and
Seaford, DE
Adiponitrile
coatings
Camden, SC
Bishexamethylene triamine
Footwear
Chattanooga, TN
C12 intermediates
Lubricants
Orange, TX
Caprolactam
Nylon fibers
Victoria, TX
DBE dibasic esters
Nylon resins
Camacari, Brazil
Diaminocyclohexane
Solvents
Dodecanedioic acid
22
Major Raw Materials
Adipic acid
Ammonia
Butadiene
Caprolactam
Cyclohexane
Hexamethylenediamine
Natural gas
Asahi Chemical
Kolon
Rhodia
Solutia
Toray
Asahi Chemical
BASF
DSM
Degussa-Hüls
Radici
Rhodia
Solutia
Toray
Principal Products
Major Markets
Nylon Intermediates, Specialties & Polymer (continued)
Dytek® A amine
Dytek® EP diamine
Hexamethylenediamine
(HMD)
Hexamethyleneimine
Nylon polymer
Pentenenitrile
2-Methylglutaronitrile
Major Plants
Major Raw Materials
Significant Competitors
Sao Paulo, Brazil
Kingston, Canada
Maitland, Canada
Chalampé, France
Uentrop, Germany
Salamanca, Mexico
Rozenburg, The Netherlands
Singapore
Wilton, United Kingdom
Acquisitions and Joint Ventures
DuPont-Sabanci International, LLC (DUSA) — North America, Europe and South America (1999 and 2000 – joint ventures) heavy decitex nylon
industrial yarn and tire cord fabric
Brazil (1997 – acquisition) nylon 6 industrial fiber manufacturing facility
PT Branta Mulia — Indonesia (1997 – 20% equity ownership) nylon 6,6 industrial fiber and fabric
DuPont Qingdao Nylon Enterprise Limited — China (1996 – acquisition) nylon 6, 6 tire cord fiber and fabric
MSA Holdings Inc., United Carpet, Wilson Floors Inc. — U.S. (1996 – acquisitions) installation and maintenance of commercial flooring
DuPont-Far Eastern Company Ltd. — Taiwan (1995 – joint venture) nylon 6,6 textile fabric
Grupo Centek S.A. de C.V. — Mexico (1995 – joint venture) nylon textile, flake and caprolactam production
Teijin DuPont Nylon Limited — Japan (1995 – joint venture) nylon products for Japanese market
Divestitures and Shutdowns
DuPont Fibers Limited — India (1999)
Industrial and apparel nylon fiber operations — Doncaster, United Kingdom (1999)
Sanlong Nylon Co. Ltd. — China (1999)
Apparel and flooring operations — Bayswater, Australia (1998)
Apparel operations — Martinsville, VA (1998)
Xymid LLC — Newark, DE (1998)
Avimid® composite product line — Newark, DE (1997)
Composites for armor and aerospace — Newark, DE (1996)
Substrates for microelectronic packaging — Newark, DE (1996)
D U P O N T
23
PERFORMANCE COATINGS & POLYMERS
Businesses
Strategies
Competitive Strengths
DuPont Engineering Polymers
Craig G. Naylor
Group Vice President /
General Manager
■
Accelerate new applications and
product development
■
Premier brand awareness and strong
customer trust
■
Promote global extension of existing
applications
■
Global, integrated, multifunctional,
multiregional business processes
■
Develop tailored offerings and apply
higher value products to new and
growing market segments
■
Innovative technological offerings
■
Manage asset productivity for value
■
Focus on transactional excellence
■
Complete Herberts integration
programs, increasing profitability
■
Combination of cost, technology and
service delivers premier product
■
Broaden global OEM customer base
■
■
Target growth segments to increase
market share in North America
and Europe
Customer/market relationships in global
OEM and strong brand image in
Refinish business
■
■
Invest for growth in Asia and
South America
Distribution in the North American
Refinish markets
■
Develop and commercialize new
technology in powder coatings
Dispersion and formulation technology
for new ink jet applications
■
Strong global powder coating presence
■
Invest in high-growth business
■
Strong branded position
■
Expand portfolio of high-value materials
offering
■
Leading market position
■
Global market presence
■
Technology leadership and innovation
DuPont Performance Coatings
Louis F. Savelli
Group Vice President
John R. Lewis
Vice President &
General Manager
DuPont Performance
Coatings —
Europe & Asia
■
Edward J. Donnelly
Vice President &
General Manager
DuPont Performance
Coatings — Americas
DuPont Elastomers
Theo G. Krapels
President & CEO
DuPont Dow Elastomers
24
D U P O N T
■
Integrate supply chain
■
Implement Six Sigma
DuPont
Automotive Finishes
DuPont
Crastin®
TM
PBT thermoplastic polyester resin
DuPont
Rynite®
TM
PET thermoplastic polyester resin
DuPont
Tynex®
TM
DuPont
Artistri
TM
TM
nylon filaments
ink
DuPont
Zytel®
TM
nylon resin
2000 Business Unit Total Sales
2000 Segment Sales by Major Industry
Elastomers 9%
Plastics 2%
Aerospace/Aircraft 1%
Personal Care 6%
Performance
Coatings 55%
Construction
Materials 13%
Electrical
Appliances 6%
Electronics 3%
Motor Vehicle 69%
Engineering Polymers 36%
Overview (dollars in millions)
Total Segment Sales
Intersegment Transfers
After-Tax Operating Income–Underlying
After-Tax Operating Income–Reported
Depreciation and Amortization
Equity in Earnings of Affiliates
Provision for Income Taxes
Segment Net Assets
Affiliate Net Assets
Expenditures for Long-Lived Assets
2000
1999
1998
6,485
4
6,111
10
4,563
9
733
674
245
67
426
645
582
225
60
416
525
508
149
16
302
4,158
615
208
4,060
404
759
2,214
281
229
D U P O N T
25
PERFORMANCE COATINGS & POLYMERS
Principal Products
Major Markets
Major Plants
Major Raw Materials
Significant Competitors
Butadiene
Butanediol
Caprolactam
Cyclohexane
Ethylene glycol
Glass fiber
Methanol
Oxydianiline
Para-hydroxybenzoic acid
Paraxylene
Polytetramethylene glycol
Pyromellitic dianhydride
Type 612 nylon resin
AlliedSignal
Amoco Polymers
Asahi
BASF
Bayer
GE Plastics
Polyplastics
Solutia
Teijin
Ticona (Hoechst/
Celanese)
Toray
Wellman
Acrylic monomers
Aliphatic and aromatic
hydrocarbon solvents
Organic pigments
Titanium dioxide
Akzo Nobel
BASF
PPG
Sherwin-Williams
DuPont Engineering Polymers www.dupont.com/enggpolymers
Crastin® PBT polyester
resins
Delrin® acetal resins
Hytrel® polyester
elastomer
Rynite® PET polyester
resins
Tynex® nylon filaments
Vespel® polyimide parts
and shapes; Tribon
composites
Zenite™ LCP (liquid crystal
polymer) resins
Zytel® and Minlon® nylon
resins
Aerospace
Appliance
Automotive
Cosmetics
Industrial hardware
Electrical/Electronics
Power tools
Recreational goods
Semiconductor and
business machines
Newark, DE
Deepwater, NJ
Circleville, OH
Cleveland, OH
Charleston, SC
Chattanooga, TN
Richmond, VA
Parkersburg, WV
Berazategui, Argentina
Mechelen, Belgium
Nordeste, Brazil
Kingston, Canada
Maitland, Canada
Shenzhen, China
Uentrop, Germany
Madurai, India
Savli, India
Utsunomiya, Japan
Luxembourg
Tlalnepantla, Mexico
Born, The Netherlands
Dordrecht, The Netherlands
Landgraaf, The Netherlands
Rozenburg, The Netherlands
Ulsan, Republic of Korea
Singapore
DuPont Performance Coatings www.dupont.com/coatings
Automotive and Refinish Systems
Centari® automotive and
Aerospace
refinish enamels
Automotive
Marine
ChromaBase® refinish
system
Refinish
Cormax® electrodeposition
primers
Cromax® waterborne
finishes
Imron® finishes
Nason® refinish
Spies Hecker® refinish
Standox® refinish
26
Fort Madison, IA
Mount Clemens, MI
Front Royal, VA
Guntramsdorf, Austria
Mechelen, Belgium
Sao Paulo, Brazil
Ajax, Canada
LeMans, France
Cologne, Germany
Wuppertal, Germany
Tlalnepantla, Mexico
Valencia, Venezuela
Ink jet
Digital ink jet
printers
Fort Madison, IA
Rochester, NY
Formulabs
Lysor
Tricon
Zeneca
Permatex® industrial
coatings
Protective coatings
Vaihingen, Germany
Hempel
Sigma
Powder coatings
Construction
Automotive
General industrial OEM
Pipeline
Houston, TX
Montbrison, France
D U P O N T
Epoxy resins
Organic pigments
Polyester
Akzo Nobel
Ferro
Morton
Principal Products
Major Markets
Major Plants
Major Raw Materials
Significant Competitors
Newark, DE
Louisville, KY
LaPlace, LA
Plaquemine, LA
Deepwater, NJ
Beaumont, TX
Freeport, TX
Stade, Germany
Kawasaki, Japan
Dordrecht,
The Netherlands
Butadiene
Chlorine
Ethylene
Hydrofluoric acid
Octene
Perfluoromethylvinyl
ether
Polyethylene
Propylene
Ausimont
Bayer
Daikin
Denka
DSM
Dyneon/3M
Enichem
Exxon
DuPont Elastomers www.dupont-dow.com
Engage® polyolefin
elastomer
HDPE
Hypalon® chlorosulfonated
polyethylene
Kalrez® perfluoroelastomer
parts
Neoprene synthetic
rubber
Nordel® IP hydrocarbon
rubber
Tyrin® chlorinated polyethylene
Viton® fluoroelastomer
Adhesives
Aerospace
Automotive
Chemical processing
Construction
Plastics modification
Semiconductor
Wire and cable
Acquisitions and Joint Ventures
Bayer — Germany (2000 – joint venture) PBT resin manufacturing
Herberts (subsidiary of Hoechst) — (1999 – acquisition) automotive and industrial finishes
Carrs Paints Ltd. — United Kingdom (1997 – acquisition) automotive OEM finishes and plastic coatings
DuPont-Kansai Automotive Coatings Ltd. — United Kingdom (1997 – joint venture) automotive OEM finishes
DuPont Dow Elastomers L.L.C. (1996 – joint venture) elastomers
Renner DuPont, S.A. — Brazil (1995 – joint venture) automotive and industrial finishes
Divestitures and Shutdowns
Finishes plants in Germany (2000)
Finishes plants in Portugal, Sweden, United Kingdom, Mexico, Brazil and Italy (1999)
DePuy (1998) orthopedics
Hardcore DuPont Composites L.L.C. (1998) infusion molded composites
Neoprene — United Kingdom (1998)
Alcryn® melt processible rubber (1997)
Finishes plant in Missouri (1996)
Finishes plant in Michigan (1995)
D U P O N T
27
PHARMACEUTICALS
Businesses
Strategies
Richard U. De Schutter
Chairman & CEO
DuPont Pharmaceuticals
Competitive Strengths
■
Strengthen product offering in
chosen therapeutic areas
■
Seek geographic expansion and
alliances for growth
■
Seek research and marketstrengthening alliances
■
Implement separation strategy
■
Strong discovery capability
■
Leader in chosen therapeutic areas
■
Leader in radiopharmaceuticals
■
Strong pipeline to support chosen
therapeutic areas
Innohep®
tinzaparin sodium injection
Sustiva
TM
efavirenz
Coumadin®
warfarin sodium
2000 Segment Sales by Major Therapeutic Area
Cardiovascular 44%
Neurology/Central
Nervous System 13%
Virology 26%
Other 17%
Overview (dollars in millions)
Total Segment Sales
Intersegment Transfers
After-Tax Operating Income–Underlying
After-Tax Operating Income–Reported
Depreciation and Amortization
Equity in Earnings of Affiliates
Provision for Income Taxes
Segment Net Assets
Affiliate Net Assets
Expenditures for Long-Lived Assets
28
D U P O N T
2000
1999
1998
1,487
–
1,630
–
1,156
–
133
89
138
–
(2)
263
230
121
–
132
185
(668)
60
77
(317)
2,054
34
114
1,941
31
101
1,843
23
655
Principal Products
Major Markets
Major Plants
Major Raw Materials
Significant Competitors
Billerica, MA
Garden City, NY
Manati, PR
Cu-mibi
Cyclopropylacetylene
Efavirenz
Gallium
Molybdenum
Naltrexone
Pentastarch
Samarium
Thallium
Warfarin
Xenon
Other pharmaceutical
companies
www.dupontpharma.com
Coumadin® anticoagulant
Ethical pharmaceuticals
Cozaar® antihypertensive* Radiolabeled
pharmaceuticals
Innohep® low molecular
weight heparin
Pentaspan® plasma volume
expander
Persantine® I.V. vasodilator
Prinivil® antihypertensive
Prinzide® antihypertensive
ReVia™ treatment for
alcoholism
Sinemet® treatment for
Parkinsons
Sinemet® CR treatment
for Parkinsons
Sustiva™ treatment for HIV
Viaspan® organ
preservation solution
Medical imaging products
including Cardiolite®
and Thallium 201 cardiac
imaging agents, Miraluma™
breast imaging agent and
Neurolite® brain imaging
agent
*DuPont and Merck have an agreement to share expenses and earnings from Cozaar ®. DuPont manufactures Cozaar ® and Merck markets the drug.
Acquisitions and Joint Ventures
Barr Laboratories (2000 – collaboration) development and co-marketing venture
Kos Pharmaceuticals (2000 – collaboration) co-market cholesterol medication after FDA approval
CombiChem Inc. (1999 – acquisition) acquired computational chemistry company
ImaRx (1999 – acquisition) acquired ultrasound contrast intellectual property
Pharmasset, Limited (1999 – collaboration) develop HIV and hepatitis B antiviral compounds
The DuPont Merck Pharmaceutical Company (1998 – acquired Merck & Co. Inc.’s 50% interest)
Mitotix — U.S. (1995 – collaboration) develop and market anticancer therapeutics
Divestitures and Shutdowns
Endo Laboratories, generics and branded multisource pharmaceuticals (1997)
Aquadilla, Puerto Rico (1995)
Coumatrak® protime test system (1995)
D U P O N T
29
PIGMENTS & CHEMICALS
Businesses
Strategies
DuPont White
Pigment & Mineral
Products
■
Strengthen cost and quality position
through Six Sigma
■
Refine the basic TiO2 manufacturing
technology through a chloride renewal
project
■
Further differentiate the product
offering to add significant value for our
customers and their customers
Jeffrey L. Keefer
Vice President /
General Manager
DuPont Chemical
Solutions Enterprise
■
Jeffrey A. Coe
Vice President /
General Manager
DuPont
Fluorochemicals
Richard J. Angiullo
Vice President /
General Manager
30
D U P O N T
Differentially manage a portfolio of
targeted growth and cash generation
businesses
Competitive Strengths
■
Worldwide leading producer and supplier
■
Modern products and superior services
■
DuPont-developed proprietary and
preferred chloride technology
■
Efficiencies of scale and raw materials
■
Customer-focused marketing
■
Applied surface and colloid science
■
Safe handling of hazardous chemicals
and materials
■
Cost competitiveness through asset
productivity
■
Build knowledge and unique value
propositions in selected attractive
market spaces
■
Strengthen cost position through
Six Sigma
■
Grow high value-added specialty
products
■
World leadership in fluorine-based
chemicals
■
Strengthen cost position through
Six Sigma
■
Strong manufacturing and global market
presence
■
Technology leadership in both
fundamental R&D and technical service
DuPont
Ti-Pure®
TM
DuPont
Krytox®
TM
titanium dioxide
DuPont
Teflon®
lubricants
TM
fabric protector
DuPont
Dymel®
TM
aerosol propellants
DuPont
Suva®
TM
refrigerants
2000 Business Unit Total Sales
2000 Segment Sales by Major Industry
Fluorochemicals 17%
Industrial 11%
Other 1%
Personal Care 4%
Agriculture/Food 6%
Mining 5%
Chemical Solutions
Enterprise 34%
Chemical/
Petrochemical 17%
Textile/Apparel 6%
Plastics 9%
Construction
Materials 22%
Paper 10%
White Pigment &
Mineral Products 49%
Electronics 3%
Motor Vehicle 2%
Electrical Appliances 1%
Home Furnishings 3%
Overview (dollars in millions)
Total Segment Sales
Intersegment Transfers
After-Tax Operating Income–Underlying
After-Tax Operating Income–Reported
Depreciation and Amortization
Equity in Earnings of Affiliates
Provision for Income Taxes
Segment Net Assets
Affiliate Net Assets
Expenditures for Long-Lived Assets
2000
1999
1998
3,907
262
3,660
237
3,659
228
715
714
185
3
342
633
634
190
2
317
578
574
232
(3)
335
1,693
44
166
1,814
63
144
1,737
62
189
D U P O N T
31
PIGMENTS & CHEMICALS
Principal Products
Major Markets
Major Plants
Major Raw Materials
Significant Competitors
DuPont White Pigment & Mineral Products www.dupont.com/tipure www.dupont.com/tipure/starblast
Ferric chloride
Starblast® abrasives
Ti-Pure® titanium dioxide
Zircon
Coatings
Paper
Plastics
Sandblasting
Edge Moor, DE
Starke, FL
DeLisle, MS
New Johnsonville, TN
Uberaba, Brazil
Altamira, Mexico
Kuan Yin, Taiwan
Chlorine
Coke
Ilmenite
Rutile
Ishihara
Kemira Oy
Kerr-McGee
Kronos (NL Industries)
Millennium Inorganic
Chemicals
Tioxide (Huntsmen)
DuPont Chemical Solutions Enterprise
Specialty & Performance Chemicals www.chemoswed.com www.dupont.com/fluoroguard www.dupont.com/glycolicacid
www.idiclo2.com www.dupont.com/lubricants www.dupont.com/oxone
www.dupont.com/releasesystems www.dupont.com/tyzor www.dupont.com/vazo
Anthium® chlorine dioxide
1Automotive
1Deepwater, NJ
1Acrylic esters
1Akzo
solutions
1Chemical intermediates 1North Kingstown, RI
1Ammonia
1Asahi Glass
1Textile
1Memphis, TN
1Caustic
1Ausimont
Fasloc® anchorage systems
Fine and custom chemicals
1Belle, WV
1Formalin
1Clariant
5-Sulfoisophthalic acid
1Martinsburg, WV
1Hexafluoropropyleneoxide 1Daikin
derivatives
1Malmö, Sweden
1Hydrogen cyanide
1Eastman
1Iodine
1Elf Atochem
Fluoroguard® polymer
additive
1Isophthalic acid
1ICI
Glycolic acid
1Ketones
1Nippon Hydrazine
1Methanol
13M
Krytox® lubricants
1Oleum
Oxone® monopersulfate
1Polyester resins
Permacote® mold release
agents
1Tetrafluoroethylene
1Titanium tetrachloride
Teflon® soil, rain and
stain protectors
Tyzor® organic titanates
Vazo® initiators
Zonyl® fluorochemical
intermediates and
surfactants
Industrial Chemicals www.dupont.com/dms www.dupont.com/sodium www.dupont.com/specintermediates
www.dupont.com/sulfurproducts
Acrylonitrile
Mining
Wurtland, KY
Ammonia
Ammonia
Polymer intermediates
Burnside, LA
Benzene
Aniline
Textile
LaPlace, LA
Caustic
Aramid intermediates
Deepwater, NJ
Chlorine
Dimethyl sulfate
Niagara Falls, NY
Hydrogen
Hydrogen cyanide
Fort Hill, OH
Isophthalic acid
Methylamines/
Memphis, TN
Methane
Methylamides
Beaumont, TX
Methanol
Ortho phthaloyl chlorides
James River, VA
Natural gas
Phenylenediamines
Belle, WV
Nitric acid
Sodium cyanide
Oleum
Sodium/Lithium
Sodium chloride
Sulfur products
Sulfur
32
D U P O N T
Air Products
BASF
Bayer
BP
Chem First
Cytec
Degussa
FMC
General Chemical
Metaux
Olin
Rhodia
Principal Products
Major Markets
Major Plants
DuPont Fluorochemicals
www.dupont.com/dymel www.dupont.com/fire ww.dupont.com/suva www.dupont.com/vertrel
www.dupont.com/zyron
Dymel® aerosol propellants
Fire extinguishants
Formacel® blowing agents
HCFC 22 refrigerants
Suva® refrigerants
Vertrel® cleaning agents
Zyron® electronic gases
Aerosol packaging
Electronics
Foams
Precision cleaning
Refrigeration
Louisville, KY
Deepwater, NJ
Corpus Christi, TX
Belle, WV
Maitland, Canada
Chiba, Japan
Shimizu, Japan
Dordrecht,
The Netherlands
Humberside,
United Kingdom
Major Raw Materials
Acetylene
Chloroform
Hydrofluoric acid
Methanol
Perchloroethylene
Significant Competitors
Asahi Glass
Atofina Chemicals
Ausimont
Daikin
Great Lakes
Honeywell
Rhone-Poulenc
Solvay
3M
Acquisitions and Joint Ventures
International Dioxide Inc. (IDI) — Rhode Island (2000 – acquisition) specialty chlorine dioxide
TRA (The Release Answer) — Ohio (1999 – acquisition) mold release systems
Noranda-DuPont Limited — (1998 – joint venture) sulfuric acid marketing and distribution
DuPont-Ticor Limited — Australia (1996 – joint venture) sodium cyanide
Malmö, Sweden (1996 – acquisition) pharmaceutical intermediates
AUgment Technologies (1995 – joint venture) advanced mining technologies
Hüls — Germany (1995 – acquisition) organic titanates and zirconates
Divestitures and Shutdowns
Anhydrous hydrogen fluoride joint venture with
Quimica Fluor (2000)
Ti-Pure® titanium dioxide — Antioch, CA (1998)
Hydrogen peroxide — Tennessee, Canada, New Zealand (1997 and 1998)
Ludox® colloidal silica — East Chicago, IN (2000)
DuPont Safer Systems — U.S. (1997)
Zelec® electroconductive powders (2000)
EcoChem biodegradable polymers (1997)
Fluorochemicals — Barra Mansa, Brazil (1999)
Explosives — Mexico (1997)
Fluorspar — Brazil (1999)
Renewable resources joint ventures with ConAgra (1997)
Industrial diamonds — Repauno, NJ (1999)
Safety and environmental services — Deepwater, NJ (1997)
Organosilanes — Deepwater, NJ (1999)
Detaclad explosion bonded metals — Coatesville, PA (1996)
Fiber finishes — Deepwater, NJ (1998)
Aromatic intermediates — Deepwater, NJ (1995)
Sodium nitrite — Repauno, NJ (1998)
Butanediol (BDO) — Japan (1995)
D U P O N T
33
PIONEER
Businesses
Strategies
Competitive Strengths
William F. Kirk
Group Vice President
Pioneer Hi-Bred
International Inc.
Richard L. McConnell
President & CEO
■
Deliver increased yield in all crops
through new hybrids and varieties
■
Increase the value of grain through
plant genetics
■
Lead in genetic research and discovery
in all major products
■
Strong discovery and product
development capabilities based on
chemical, biological and genetic
sciences
■
High brand recognition and positive image
■
Strong farmer/customer relationships
and interface
■
Continue close working relationship
and interface with farmer/customer
■
■
Capture value from increased productivity
delivered through new products
Marketplace knowledge and technical
product knowledge
■
State-of-the-industry production system
■
Proprietary core germplasm base
■
Capitalize on cross-business-unit
growth opportunities
2000 Segment Sales by Major Seed Type
Hybrid Seed Corn 75%
Soybean Seed 16%
Other Plant Lines 9%
Overview* (dollars in millions)
Total Segment Sales
Intersegment Transfers
After-Tax Operating Income–Underlying
After-Tax Operating Income–Reported
Depreciation and Amortization
Equity in Earnings of Affiliates
Provision for Income Taxes
Segment Net Assets
Affiliate Net Assets
Expenditures for Long-Lived Assets
2000
1999
1998
1,938
–
427
–
369
–
106
(195)
335
–
(62)
(100)
(2,313)
85
20
(56)
5
5
–
8
6
6,817
–
112
7,937
–
786
1,008
999
–
* In September 1997, DuPont purchased a 20 percent interest in Pioneer Hi-Bred International, Inc. and on October 1, 1999, acquired the remaining 80 percent interest.
34
D U P O N T
Principal Products
Major Markets
Major Plants
Major Raw Materials
Significant Competitors
Farming industry
Feed industry
Food industry
Woodland, CA
Algona, IA
Reinbeck, IA
Princeton, IL
Tipton, IN
Constantine, MI
Jackson, MN
Laurinburg, NC
York, NE
Grand Rapids, OH
Weslaco, TX
Salto, Argentina
Narromine, Australia
Itumbiara, Brazil
Chatham, Canada
Paine, Chile
Aussonne, France
Szarvas, Hungary
Malang, Indonesia
Sissa, Italy
Culiacan, Mexico
Adana, Turkey
Juru, Zimbabwe
Genes
Germplasm
Parent seed
Aventis
Dow Agrosciences
Monsanto
Syngenta
www.pioneer.com
Alfalfa seed
Canola seed
Corn seed
Forage additives
Sorghum seed
Soybean seed
Sunflower seed
Wheat seed
D U P O N T
35
POLYESTER ENTERPRISE
Businesses
Strategies
Competitive Strengths
George F. MacCormack
Group Vice President
Polyester Films
■
Francine P. Cheeseman Shaw
Chairman & CEO
DuPont Teijin Films
DuPont Polyester
Fibers, Resins &
Intermediates
Craig F. Binetti
Vice President /
General Manager
36
D U P O N T
Drive global growth opportunities for
customers from our DuPont Teijin Films
joint venture and its industry-leading
position in polyester films
■
Global leader in polyester film
■
Strong presence in all major regions
of the world
■
Unmatched product portfolio to meet
needs in all major market segments and
leading-edge product development
capability
■
Strong brand franchise (Mylar® and
Melinex® polyester films) and
customer relationships
■
Integrate the technical strengths of the
new venture to deliver world-leading
product and process innovation to
customers
■
Partner with customers and enhance
value through differentiated specialty
product offerings
■
Strengthen total business performance
through operational excellence and use
of the Six Sigma processes
■
Build strong regional alliances to
enhance competitive strengths
■
Diverse product lines and specialty
businesses
■
Strengthen fiber brand franchises
■
■
Drive growth opportunities in new
segments with differential value
opportunities
Strong marketing and engineering
expertise to meet customer needs
■
Strong technology base to develop new
products and reduce cost of manufacture
■
Pipeline of new polyester process and
product technologies
■
Consumer brand presence
■
World leader in polyester resin and PTA
technology
■
Strong global position in PTA
intermediates
■
Drive asset productivity and Six Sigma
for operational efficiencies and lowest
production costs
■
Build polyester knowledge business
including technology development
and licensing
■
Build higher value differentiated resins
business
■
Commercialize new specialty polyester
resin products DuPont ™ Biomax® and
DuPont ™ Crystar®
■
Launch “Edge Packaging Technologies,”
a solutions-focused initiative in container
resins that integrates cross-company
knowledge and capabilities
DuPont
Thermolite®
TM
DuPont
CoolMax®
TM
insulation
performance fabrics
DuPont
Teijin Films Mylar®
TM
polyester film
DuPont
Comforel®
TM
DuPont
Micromattique
TM
TM
sleep products
microfiber polyester
2000 Business Unit Total Sales
2000 Segment Sales by Major Industry
Aerospace/Aircraft 1%
Polyester Films 42%
Home Furnishings 13%
Electrical Machinery 2%
Electrical Appliances 2%
Electronics 7%
Motor Vehicle 4%
Other – Packaging 22%
Textile/Apparel 24%
Health Care 2%
Polyester Fibers, Resins &
Intermediates 58%
Other – Industrial 20%
Personal Care 2%
Plastics 1%
Overview (dollars in millions)
Total Segment Sales
Intersegment Transfers
After-Tax Operating Income–Underlying
After-Tax Operating Income–Reported
Depreciation and Amortization
Equity in Earnings of Affiliates
Provision for Income Taxes
Segment Net Assets
Affiliate Net Assets
Expenditures for Long-Lived Assets
2000
1999
1998
2,533
51
2,649
187
2,797
175
69
73
132
23
30
(39)
(119)
226
(13)
(40)
(7)
(228)
252
(1)
(80)
2,752
1,337
43
2,679
770
126
3,142
174
706
D U P O N T
37
POLYESTER ENTERPRISE
Principal Products
Major Markets
Major Plants
Major Raw Materials
Significant Competitors
Kinston, NC
Wilmington, NC
Charleston, SC
Suzhou, China
Uentrop, Germany
Monterrey, Mexico
Pontypool, United Kingdom
Dimethyl terephthalate
(DMT)
Ethylene glycol
Terephthalic acid
BASF
Cookson Fiber
Formosa/Nan Ya
Hankook
Honeywell
KoSa
Rhone-Poulenc/SNIA
Texmaco
Tongkook
Tong Yang
Toray
Tuntex
Wellman
DMT
DMT/PTA
Ethylene glycol
Methanol
Paraxylene
2,6NDC
Eastman Chemical
KoSa
Nan Ya
Shell
Wellman
DuPont Fibers, Resins & Intermediates
Fibers www.dupont.com/polyester/dacronhome.html
Polyester fibers for
Apparel
fabrics and filling
Home furnishings
uses including
Sporting goods
Dacron®,
Micromattique™, Thermax®,
Hollofill®, Supriva®,
CoolMax® and
Thermolite®;
Comforel® and
Quallofil® for insulated
apparel, sleeping bags
and sleep products
including pillows,
comforters and
mattress pads
Resins & Intermediates
Biomax® hydro/biodegradable polyester
resin
Crystar® specialty resin
Dimethyl terephthalate
(DMT)
KalidarTM PEN resin
Melinar® PET resin
38
D U P O N T
www.dupont.com/polyester/resins
Communications
Fayetteville, NC
Food and beverage
Old Hickory, TN
Packaging
Kuan Yin, Taiwan
Wilton, United Kingdom
Principal Products
Major Markets
Major Plants
Major Raw Materials
Significant Competitors
Fayetteville, NC
Circleville, OH
Florence, SC
Old Hickory, TN
Hopewell, VA
Martinsville, VA
Richmond, VA
Foshan, China
Ningbo, China
Jakarta, Indonesia
Gifu, Japan
Ibaraki, Japan
Sagamihara, Japan
Utsunomiya, Japan
Luxembourg
Rozenburg,
The Netherlands
Dumfries, United Kingdom
DMT
DMT/purified
terephthalic acid
Ethylene glycol
2,6NDC
Mitsubishi
SKC
Toray
DuPont Teijin Films www.dupontteijinfilms.com
Cronar® polyester
photographic film base
Kaladex® PEN film
Melinex® polyester film
Melinex® ECO® polyester film
Mylar® polyester film
Revval® reprocessed,
coated film
Teijin® Tetoron® PET
polyester film
Teonex® PEN polyester film
Advertising
and publishing
Construction
Electronics
Medical and
healthcare
Packaging
Photo arts
Recording
Transportation
Acquisitions and Joint Ventures
DuPont-Hongii Films Foshan Co. Ltd. — China (2000 – partnership with Ningbo Wuzhou Films Ltd.) polyester film
DuPont SA — Greater Europe (2000 – joint venture) polyester fibers, resins and intermediates
DuPont-Unifi — North Carolina (2000 – manufacturing alliance) polyester filament yarn
DuPont Teijin Films — (1999 – joint venture) PEN and PET polyester films
DuPont-Akra Polyester — Americas (1999 – joint venture) polyester staple
ICI polyester films business — (1998 – acquisition) Melinex® and Kaladex® brand films
ICI polyester resins and intermediates — (1997 – acquisition)
Remo, Inc. — United States (1997) acquired minority interest
DuPont Hongji Films Foshan Co., Ltd — China (1995 – joint venture) Mylar® polyester film
DuPont Suzhou Polyester Co., Ltd. — China (1995 – joint venture) polyester fiber chip and filament yarn
Divestitures and Shutdowns
Chromium dioxide — Newport, Delaware (1999)
Dacron® FDY polyester filament — North Carolina (1999)
NuPet® recycled resin — Arden, North Carolina (1999)
Dacron® and other polyester fibers — South Carolina and Australia (1998)
Polyester regeneration facility — North Carolina (1998)
D U P O N T
39
SPECIALTY POLYMERS
Businesses
Strategies
Competitive Strengths
DuPont i Technologies
■
John C. Hodgson
Group Vice President/
General Manager
DuPont Displays
Technologies
Accelerate new product innovation and
introductions
■
Expand penetration in the Asia Pacific
markets
■
Drive productivity using Six Sigma
■
Enter new markets that leverage core
technology
■
Global market branding and access
■
Technology leadership and innovation,
backed by strong patent position
■
Custom product development and broadbased customer solutions through
technology and systems integration
■
Global manufacturing base
■
Strong technology base
■
World-scale, cost-effective fully
integrated facilities
■
Strengthen critical competencies through
alliances, joint ventures and acquisitions
■
Drive “small company” culture
■
Extend reach into related product /
market segments
■
Expand presence in emerging economies
■
Further strengthen brands
■
■
Expand offering through new technology
advances
Market /application development
capabilities
■
Strong branded products; global market
leadership
Chester D. Pribonic
Vice President/
General Manager
DuPont Electronic
Technologies
David B. Miller
Vice President/
General Manager
DuPont Packaging &
Industrial Polymers
Terry Caloghiris
Vice President/
General Manager
DuPont
Fluoropolymers
Richard J. Angiullo
Vice President/
General Manager
DuPont Surfaces
D U P O N T
Develop new markets and applications
to create new industry growth
■
World leadership in fluorine-based
polymers
■
Strengthen alliances with end users
■
■
Commercialize new process technology
Strong manufacturing and global market
presence
■
Grow high value-added specialty products
■
■
Drive productivity, quality and asset
flexibility through Six Sigma
Technology leadership in both
fundamental R&D and technical service
■
Highly recognized and valued
global brands
■
Leading brand awareness position
■
Proprietary technology
■
Superior quality products
■
Integrated manufacturing advantage
■
Harry Parker
Vice President/
General Manager
40
■
Advance the market franchise with
channel alignments
■
Target new market segments and
applications
■
Reduce installed cost of manufacturing
■
Expand and tailor the offering
DuPont
Surlyn® Reflection Series
TM
TM
DuPont
Teflon®
TM
fluoropolymers
DuPont
SilverStone®
TM
kitchen tools
DuPont
Surlyn®
TM
packaging resin
DuPont
Corian®
TM
DuPont
SentryGlas® Plus
TM
solid surfaces
DuPont
Holographics
ionoplast interlayer
2000 Business Unit Total Sales
2000 Segment Sales by Major Industry
DuPont Surfaces 11%
Fluoropolymers 21%
Packaging & Industrial
Polymers 35%
DuPont iTechnologies 33%
Other – Industrial 7%
Other – Packaging 7%
Textile/Apparel 4%
Aerospace/Aircraft 2%
Plastics 16%
Agriculture/Food 15%
Chemical/
Petrochemical 2%
Construction
Materials 13%
Motor Vehicle 9%
Electrical Appliances 4%
Electronics 19%
Electrical Machinery 2%
Overview (dollars in millions)
Total Segment Sales
Intersegment Transfers
After-Tax Operating Income–Underlying
After-Tax Operating Income–Reported
Depreciation and Amortization
Equity in Earnings of Affiliates
Provision for Income Taxes
Segment Net Assets
Affiliate Net Assets
Expenditures for Long-Lived Assets
2000
1999
1998
4,508
196
4,255
152
4,040
155
713
713
175
41
391
666
668
172
27
365
606
596
165
12
356
2,374
266
243
2,330
248
270
2,167
237
264
D U P O N T
41
SPECIALTY POLYMERS
Principal Products
Major Markets
Major Plants
Major Raw Materials
Significant Competitors
Hexafluoropropylene
Oxydianiline
Photopolymers
Polyester film
Polyimide coatings
Polyimide film
Precious metals
Pyromellitic dianhydride
Quartz glass
Tetrafluoroethylene
Agfa
Asahi Chemical
BASF
Cabot
Daikin
Fuji
Honeywell
Imation
Kaneka Fuchi
MacDermid
Rohm & Haas
Shoei
DuPont i Technologies www.dupont.com/dupontitechnologies
Cromalin®, Dylux® and
WaterProof® proofing
systems
Cyrel® flexographic
printing plates
Fodel® thick film photo
printable compositions
Green Tape™ low temperature
co-fired ceramic
Holographic optical
elements and security &
authentication holograms
Kapton® polyimide film
Mazin® colloidal silica slurry
Microcircuit materials
Oasis™ composite film
Pyralin® polyimide coatings
Pyralux® flexible laminates
Rexon® flexible laminates
Riston® photoresists
Syton® colloidal silica slurry
Circuitry
Electronic insulation
Electronics
Printing
DuPont Packaging & Industrial Polymers
Clysar® polyolefin
shrink film
Elvanol® polyvinyl alcohol
resins
Ethylene copolymers:
Bynel® coextrudable
adhesive
Elvaloy® polymer modifiers
Elvax® ethylene vinyl
acetate resins
Nucrel® acid copolymer
resins
Surlyn® resins
Vamac® ethylene acrylic
elastomer
Glass laminating products:
Butacite® polyvinyl
butyral interlayer
SentryGlas® intrusion
resistant composite
SentryGlas® Plus
security interlayer
42
D U P O N T
Santa Barbara, CA
Research Triangle Park, NC
Parlin, NJ
Circleville, OH
Towanda, PA
Bayport, TX
Logan, UT
Manati, PR
Paulinia, Brazil
Dongguan, China
Shenzhen, China
Neu Isenburg, Germany
Luxembourg
Mizushima, Japan
Tokai, Japan
Utsunomiya, Japan
Ichon, Korea
Hsinchu, Taiwan
Taipei, Taiwan
Bristol, United Kingdom
Ruabon, United Kingdom
www.dupont.com/industrial-polymers www.dupont.com/packaging
www.dupont.com/safetyglass
Adhesives
Automotive
Construction
Leisure/sporting goods
Packaging
Textiles
Wire and cable
Clinton, IA
Fayetteville, NC
LaPorte, TX
Orange, TX
Victoria, TX
Parkersburg, WV
Sarnia, Canada
LeTrait, France
Uentrop, Germany
Chiba, Japan
Otake, Japan
Ulsan, South Korea
Dordrecht,
The Netherlands
Acetic acid
Acrylic acid
Butyraldehyde
Ethylene
Methacrylic acid
Polyethylene
Polypropylene
Air Products
Dow
Elf Atochem
Equistar
Exxon
HT Troplast
Kuraray
Reynolds
Sealed Air
Sekisui
Solutia
Principal Products
Major Markets
Major Plants
Major Raw Materials
Significant Competitors
DuPont Fluoropolymers www.dupont.com/silverstone www.dupont.com/tedlar www.dupont.com/teflon
Nafion® ion exchange
membranes
Tedlar® PVF film
Teflon® fluoropolymer
Teflon®, SilverStone®
and Autograph® nonstick
coatings for cookware
Teflon® for industrial
coating applications
Teflon® films
Tefzel® fluoropolymer
Aerospace
Automotive
Chemical handling
and processing
Data communications
Housewares
Semiconductor
manufacture
Parlin, NJ
Buffalo, NY
Fayetteville, NC
Circleville, OH
Parkersburg, WV
Mechelen, Belgium
Shenzhen, China
Shimizu, Japan
Dordrecht,
The Netherlands
Fluoropolymer
dispersions
HCFC 22
hydrochlorofluorocarbon
Vinyl fluoride
Akzo Nobel
Asahi Chemical
Asahi Glass
Ausimont
Daikin
Dyneon
Whitford Worldwide
Alumina trihydrate
Methyl methacrylate
Quartz
Formica
Granite
International Paper
Premark
DuPont Surfaces www.dupont.com/corian www.dupont.com/zodiaq
Corian® solid surfaces
IntegriSSM solutions
Zodiaq® quartz surfaces
Consumer goods
Education
Food service
Home and architectural
interiors
Lodging
Medical and healthcare
Retail fixtures
Buffalo, NY
Toyama, Japan
Anyang, Korea
Thetford Mines, Canada
Acquisitions and Joint Ventures
DuPont Air Products Nano Materials L.L.C. — (2000 – joint venture) colloidal silica-based slurries
Specialty Polymers — Antwerp, Belgium (2000 – joint venture with Borealis) ethylene copolymers manufacturing
Uniax Corporation — California (2000 – acquisition) start-up company focused on polymer-OLED (organic light-emitting diode) display devices
Krystal Holographics — Utah (1999 – acquisition) holographic optical elements and holograms
Wirex Corp. — Hsinchu, Taiwan (1999 – 51% controlling interest) flexible laminant
Granirex Inc. — Canada (1998 – acquisition) Corian® ingredients
Hitachi Chemical DuPont MicroSystems L.L.C. — (1997 – joint venture) liquid polyimide
Mitsubishi Rayon Co. — Japan (1996 – joint venture) Riston® dry film photoresists
D U P O N T
43
SPECIALTY FIBERS
Businesses
Strategies
Competitive Strengths
DuPont™ Lycra®
■
Broaden market base
■
Strong brand recognition and influence
■
Increase perceived value
■
Global scale, reach and experience
■
Leverage global resources
■
Advantageous ingredient position
■
Reduce total system cost
■
Product/manufacturing/technical
capability to deliver diverse solutions
to meet customer needs
■
Multifiber linkage
Steven R. McCracken
Group Vice President/
General Manager
DuPont Nonwovens
■
Build and grow “market franchises”
■
■
Expand technology base to
commercialize new offerings
Globally positioned, high-technology,
modern manufacturing facilities
■
Proprietary technology
■
Drive operational excellence
■
Brand equity
■
Drive expansion of aramid-based
offerings into new market segments
■
Strong brand positions
■
Low-cost, vertically integrated
manufacturing
Keith R. McLoughlin
Vice President/
General Manager
DuPont Advanced
Fiber Systems
■
Capitalize on brand equity
■
Build additional alliances for growth
■
Global presence and scale
■
Drive Six Sigma productivity programs
■
Superior technology
■
Cost-effective, market-driven solutions
to meet customer needs
Diane H. Gulyas
Vice President/
General Manager
2000 Business Unit Total Sales
2000 Segment Sales by Major Industry
Advanced Fiber Systems 26%
Home Furnishings 1%
Motor Vehicle 4%
DuPontTM Lycra® 47%
Construction Materials 7%
Electrical Appliances 1%
Plastics 4%
Electrical Machinery 4%
Other – Industrial 6%
Textile/Apparel 56%
Aerospace/Aircraft 2%
Other – Packaging 4%
Nonwovens 27%
Personal Care 5%
44
D U P O N T
Health Care 6%
DuPont
Sontara®
TM
wipes
DuPont
Kevlar®
TM
brand fiber
DuPont
CommercialWrap®
TM
DuPont
Lycra®
TM
brand elastane
DuPont
Nomex®
TM
brand fiber
Overview (dollars in millions)
Total Segment Sales
Intersegment Transfers
After-Tax Operating Income–Underlying
After-Tax Operating Income–Reported
Depreciation and Amortization
Equity in Earnings of Affiliates
Provision for Income Taxes
Segment Net Assets
Affiliate Net Assets
Expenditures for Long-Lived Assets
2000
1999
1998
3,452
73
3,448
80
3,296
86
690
690
227
28
325
731
732
229
28
361
662
659
230
25
363
2,669
176
233
2,735
135
251
2,574
134
361
D U P O N T
45
SPECIALTY FIBERS
Principal Products
Major Markets
Major Plants
Major Raw Materials
Significant Competitors
DuPont™ Lycra ® www.dupont.com/lycra
Lycra® brand elastane
Activewear
Footwear
Intimate apparel
Legwear
Ready to wear
Swimwear
Lycra® Intermediates www.dupont.com/terathane
Butanediol
Coatings and sealants
Consumer goods
Terathane®
polytetramethylene
Sporting goods
ether glycol (PTMEG)
Tetrahydrofuran (THF)
Waynesboro, VA
Terathane®
Mercedes, Argentina
polytetramethylene
Paulinia, Brazil
ether glycol (PTMEG)
Maitland, Canada
Shanghai, China
Shiga, Japan
Monterrey, Mexico
Dordrecht, The Netherlands
Kerkrade, The Netherlands
Singapore
Maydown,
United Kingdom
Asahi Chemical
BASF
Bayer
Globe Manufacturing
Hyosung
Tae Kwang
Tongkook
Toyobo
Niagara Falls, NY
LaPorte, TX
Dordrecht, The Netherlands
Asturias, Spain
Acetylene
Butanediol
Methanol
N-Butane
Tetrahydrofuran
Arco Chemical
BASF
BASF-Idemitsu
GAF-Hüls
Great Lakes
Hodogaya
ISP
Mitsubishi Chemical
Shinwha
Tonen
Polyester
Polyethylene
Polypropylene
Wood pulp
BBA
JWS
Kimberly Clark
PGI
Isophthaloyl chloride
Metaphenylenediamine
Paraphenylenediamine
Polytetrafluoroethylene
Terephthaloyl chloride
Acordis
Amoco
BASF
Hoechst/Celanese
Honeywell
Kuraray
Lenzing
Rhodia
Teijin
W. L. Gore
DuPont Nonwovens www.dupont.com/nylon/stapleandtow/
Cambrelle® textiles
Sontara® spunlaced
products
Tyvek® brand protective
material
Typar® high-strength
spunbonded products
Absorbents
Carpeting
Construction
Envelopes/Packaging
Footwear
Graphics
Home furnishings
Medical and healthcare
Protective apparel
Old Hickory, TN
Richmond, VA
Shenzhen, China
Utsunomiya, Japan
Luxembourg
Asturias, Spain
Workington,
United Kingdom
DuPont Advanced Fiber Systems www.dupont.com/afs
Kevlar® brand fiber
Nomex® brand fiber and
paper
Teflon® brand fiber
Aerospace and aircraft
Automotive
Electrical equipment
Electronics
Military/Law enforcement
Protective apparel
Telecommunications
Richmond, VA
Osaka, Japan
Tokai, Japan
Asturias, Spain
Maydown,
United Kingdom
Acquisitions and Joint Ventures
DuPont-Dayuan Nonwovens Fabric Co. Ltd. — China (1998 – joint venture) rayon and polyester-based spunlaced products
DuPont-Teijin Advanced Fibers — Japan (1996 – joint venture) Nomex® fibers
DuPont-Asahi FlashSpun Products Co. Ltd. — Japan (1995 – joint venture) Tyvek® brand roll goods and finished products
DuPont Fibers (China) Ltd. — China (1995 – joint venture) Lycra® brand elastane yarn for Chinese market
46
D U P O N T
OTHER
Businesses
Strategies
Competitive Strengths
Growth Initiatives
This segment contains several growth initiatives such as DuPont Bio-Based Materials,
DuPont Safety Resources, Corporate New Business Development and the Intellectual
Assets Business, as well as DuPont Global Services Business and holdings from
several of the company’s divested businesses.
The DuPont Global Services Business unit offers corporate services and business
process expertise through multifunctional teams that service the company and
outside customers. Services range from engineering and transportation to marketing
and staff functions.
Ellen J. Kullman
Group Vice President/General Manager
DuPont Bio-Based Materials
DuPont Safety Resources
Corporate New Business Development
Intellectual Assets Business
In 2000 this segment represented less than 2 percent of total company sales.
DuPont Bio-Based Materials
■
Build on DuPont science and materials
expertise by integrating biology into the
development and production of novel
materials with superior functionalities
that offer significant growth potential
■
Extensive expertise in microbial biology,
genetics, plant biology and materials
development
DuPont Safety Resources
■
Commercially leverage DuPont safety
expertise through integrated consulting
partnerships and risk management
offerings
■
World-leading expertise in safety
risk management
Corporate New
Business Development
■
Identify, explore and enter new market
spaces with novel technologies or
concepts that create new solutions
with significant market potential
■
Variety of knowledge platforms and
routes-to-market can be leveraged for
cost-effective exploration
Intellectual
Assets Business
■
Accelerate and optimize DuPont
intellectual property value extraction
through licensing and technology
transfers
■
Expertise in intellectual property
management combined with supporting
portfolio of intellectual assets
Divestitures and Shutdowns
DuPont DePuy Orthopedics (1998)
DuPont Lanxide Co. (1998)
Hardcore DuPont Composites (1998)
DuPont Photomasks, Inc. (1996 – partial IPO) photomasks for semiconductors
Industrial imaging (nondestructive testing for architectural and engineering applications) (1995)
D U P O N T
47
MAJOR
GLOBAL SITES AND PRINCIPAL PRODUCTS
DU
(includes joint ventures and major affiliates)
(dollars in millions, except per share)
NORTH AMERICA
Canada
Ajax
Chatham
Kingston
Maitland
Thetford Mines
Sarnia
Mexico
Altamira
Culiacan
Lerma
Monterrey
Salamanca
Tlalnepantla
Automotive finishes
Agricultural seed
Nylon fibers and high-tenacity yarns; nylon
polymer; Zytel® and Minlon® nylon resins; tire
cord fabrics
Nylon intermediates, specialties and polymer; Suva®
refrigerants; Zytel® and Minlon® nylon resins;
Lycra® elastane
Zodiaq® quartz surfaces
Ethylene copolymers
Ti-Pure® titanium dioxide
Agricultural seed
Crop protection
Lycra® elastane; Dacron® polyester polymer
and fibers; nylon yarns
Nylon polymer
Automotive finishes; engineering polymers
SOUTH AMERICA
Argentina
Berazategui
Spain
Asturias
Sweden
Malmö
Tetrahydrofuran (THF); Nomex® brand fiber;
Sontara® spunlaced products; crop protection
Pharmaceutical intermediates; fine and
custom chemicals
Switzerland
Meyrin
Research laboratories
Turkey
Adana
Izmit
Agricultural seed
Nylon high-tenacity yarns and tire cord fabrics
United Kingdom
Bristol
Dumfries
Gloucester
Humberside
Maydown, Londonderry
Peterborough
Pontypool
Ruabon
Wilton
Mercedes
Salto
Zytel® and Minlon® nylon resins; nylon
high-tenacity yarns; tire cord fabrics
Lycra® elastane and nylon yarns
Agricultural seed
Brazil
Americana
Camacari
Itumbiara
Nordeste
Paulinia
Sao Paulo
Uberaba
Nylon yarns
Nylon high-tenacity yarns and polymer; tire cord fabrics
Agricultural seed
Zytel® nylon resin
Lycra® elastane; Riston® photoresists
Automotive finishes
Ti-Pure® titanium dioxide
AFRICA
Chile
Paine
Agricultural seed
Venezuela
Valencia
Automotive finishes
China
Dongguan
Foshan
Ningbo
Qingdao
Shanghai
Shenzhen
Workington
Zimbabwe
Juru
Microcircuit materials
Mylar®, Melinex® and Kaladex® PEN polyester films
Nylon yarns and high-tenacity nylon yarns
Dymel® aerosol propellants
Lycra® elastane; Kevlar® brand fiber
Soy-based consumer food products
Dacron® and other polyester fibers
Syton® and Mazin® colloidal silica slurries
Nylon intermediates, specialties and polymer;
Melinar® PET resin
Cambrelle® textiles
Agricultural seed
ASIA PACIFIC
Australia
Girraween
Narromine
Crop protection
Agricultural seed
Protein isolates
Teflon® and SilverStone® nonstick coatings; automotive
finishes; engineering polymers and Tribon
composites; Vespel® polyimide parts and shapes
Suzhou
Microcircuit materials
Mylar® and Melinex® polyester films
Polyester films
Nylon high-tenacity yarns and tire cord fabrics
Crop protection; Lycra® elastane
Riston® photoresists; engineering polymers;
Sontara® spunlaced products; Tyvek® brand
protective material; Teflon® and SilverStone®
nonstick coatings
Dacron® and other polyester fibers
Egypt
Cairo
India
Madurai
Savli
Tynex® filaments
Engineering polymers; crop protection
Nylon tire cord fabric
France
Aussonne
Cernay
Chalampé
Le Mans
Le Trait
Loon-Plage
Montbrison
Agricultural seed
Crop protection
Nylon intermediates, specialties and polymer
Automotive and industrial finishes
Packaging films and systems
Crop protection
Powder coatings
Indonesia
Citeureup
Jakarta
Malang
Surabaya
Nylon high-tenacity yarns and tire cord fabrics
Polyester films
Agricultural seed
Crop protection
EUROPE AND MIDDLE EAST
Austria
Guntramsdorf
Belgium
Ieper
Mechelen
Germany
Cologne
Muhlhausen
Neu Isenburg
Oestringen
Stade
Uentrop
Automotive finishes and industrial coatings
Japan
Chiba
Ibaraki
Kawasaki
Mihara
Mizushima
Osaka
Otake
Sagimihara
Shiga
Shimizu
Tokai
Toyama
Utsunomiya
Suva® refrigerants; ethylene copolymers
Mylar® and Melinex® polyester films
Neoprene synthetic rubber; Viton® fluoroelastomer
Nylon yarns
Kapton® polyimide film
Nomex® brand paper
Ethylene copolymers
Polyester films
Lycra® elastane
Teflon® fluoropolymer; fluorochemicals
Kapton® polyimide film; Kevlar® brand fiber
Corian® solid surfaces
Engineering polymers and Tribon composites;
microcircuit materials; Riston® photoresists;
Vespel® polyimide parts and shapes; Tyvek®
brand protective material; polyester films
Vaihingen
Wuppertal
Automotive and industrial finishes
Nylon tire cord
Riston® photoresists; Cyrel® flexographic printing plates
Nylon yarns and fibers
Tyrin® chlorinated polyethylene
Engineering polymers; Butacite® polyvinyl butyral;
Dacron® and other polyester fibers; nylon fibers
and polymer
Permatex® industrial coatings
Automotive and industrial finishes
Hungary
Szarvas
Agricultural seed
Italy
Bolzano
Sissa
Philippines
Cabuyao
Crop protection
Crop protection
Agricultural seed
Republic of Korea
Anyang
Ichon
Ulsan
Corian® solid surfaces
Riston® photoresists
Butacite® polyvinyl butyral; engineering polymers
Luxembourg
Cronar® polyester photographic film base; Mylar® and
Melinex® polyester films; engineering polymers;
Tyvek® brand protective material; Typar® high-strength
spunbonded products; Kapton® polyimide film
The Netherlands
Born
Dordrecht
Kerkrade
Landgraaf
48
The Netherlands (continued)
Rozenburg
Nylon polymers; Zytel® and Minlon® nylon resins;
Mylar® and Melinex® polyester films
D U P O N T
Zytel® and Minlon® nylon resins; Rynite® PET
polyester resins
Delrin® acetal resins; Lycra® elastane;
Teflon® fluoropolymer; Viton® fluoroelastomer;
Terathane® polytetramethylene ether glycol
(PTMEG); ethylene copolymers; fluorochemicals
Lycra® elastane
Tynex® filaments
Singapore
Zytel® and Minlon® nylon resins; nylon intermediates,
specialties, and polymer; Delrin® acetal resins;
Lycra® elastane
Taiwan
Hsinchu
Kuan Yin
Lung Tan
Taipei
Rexon® flexible laminates
Ti-Pure® titanium dioxide; nylon yarns; purified
terephthalic acid (PTA)
Crop protection
Microcircuit materials
Thailand
Bangpoo
Crop protection
MAJOR UNITED STATES SITES AND PRINCIPAL PRODUCTS
Alabama
Mobile
California
San Diego
Santa Barbara
Woodland
North Carolina (continued)
Research Triangle Park
Crop protection
Pharmaceuticals research lab
Polymer-OLED (organic light-emitting diode)
display devices
Agricultural seed
Whiteville
Wilmington
Ohio
Circleville
Cleveland
Fort Hill
Grand Rapids
Vespel® polyimide parts and shapes; Kapton®
polyimide film; Mylar® and Melinex® polyester films;
Teflon® fluoropolymer films; Tribon composites
Tribon composites
Sulfur products and specialty acids
Agricultural seed
Customer service center
Oklahoma
Pryor
Protein isolates
Research and development
Pennsylvania
Towanda
Florida
Starke
Zircon; Starblast® abrasives
Georgia
Athens
Nylon yarns and fibers
Illinois
El Paso
Princeton
South Carolina
Camden
Charleston
Crop protection
Agricultural seed
Florence
Indiana
East Chicago
Tipton
Ludox® colloidal silica
Agricultural seed
Tennessee
Chattanooga
Iowa
Algona
Clinton
Des Moines
Fort Madison
Reinbeck
Agricultural seed
Packaging films and systems
Specialty grains and production systems
Automotive finishes; ink jet inks
Agricultural seed
Wurtland
Louisiana
Burnside
La Place
Plaquemine
®
Neoprene synthetic rubber; fluorochemicals;
protein isolates
Sulfur products and specialty acids
Sulfur products and specialty acids
Neoprene synthetic rubber; aramid intermediates
Tyrin® chlorinated polyethylene; HDPE; Nordel® EPDM
hydrocarbon rubber
Massachusetts
Billerica
Radiopharmaceuticals and medical imaging agents
Michigan
Constantine
Mount Clemens
Agricultural seed
Automotive finishes
Minnesota
Jackson
Minneapolis
Agricultural seed
Soy-based consumer food products
Mississippi
De Lisle
Ti-Pure® titanium dioxide
Nebraska
York
Agricultural seed
New Jersey
Deepwater
Parlin
New York
Buffalo
Garden City
Niagara Falls
Rochester
North Carolina
Fayetteville
Kinston
Laurel Hill
Laurinburg
Electronic materials R&D and customer service center;
flexible laminates
Nylon tire cord
Dacron® and other polyester fibers; dimethyl
terephthalate
Ti-Pure titanium dioxide; ferric chloride
Vespel® polyimide parts and shapes
Research
Kalrez® perfluoroelastomer parts
Nylon yarns, fibers and polymer parts
Delaware
Edge Moor
Newark—Pencader
Newark—Stine-Haskell Lab
Newark—Tralee Park
Seaford
Wilmington—
Chestnut Run
Wilmington—
Experimental Station
Kentucky
Louisville
(includes joint ventures and major affiliates)
Memphis
New Johnsonville
Old Hickory
Texas
Bayport
Beaumont
Corpus Christi
Freeport
Houston
LaPorte
Orange
Victoria
Westlaco
Utah
Logan
Virginia
Front Royal
Hopewell
Specialty and performance chemicals; fluorochemicals;
elastomers; Hytrel® polyester elastomer; industrial
chemicals
Cyrel® flexographic printing plates; Teflon®,
SilverStone® and Autograph® nonstick coatings;
Pyralin® polyimide coatings; Cromalin®, Dylux® and
WaterProof® proofing systems
James River
Martinsville
Richmond
Waynesboro
West Virginia
Belle
Corian solid surfaces; Tedlar PVF film
Pharmaceuticals
Terathane® polytetramethylene ether glycol (PTMEG);
sodium and lithium
Ink jet inks
Martinsburg
Parkersburg
Butacite® polyvinyl butyral; Nafion® ion
exchange membranes; Melinar® PET and KalidarTM PEN
resins
Dacron® and other polyester fibers
Nylon tire cord fabric
Agricultural seed
Puerto Rico
Manati
®
®
Riston® photoresists and Pyralux® flexible laminates;
Cromalin®, Dylux® and WaterProof® proofing systems;
Green Tape™ low temperature co-fired ceramic
Nylon yarns, fibers and polymer
Dacron® and other polyester fibers; Crastin® PBT
polyester resins; Hytrel® polyester elastomer
Mylar® and Melinex® polyester films;
Cronar® polyester photographic film base
Nylon yarns and polymer; Zytel® and Minlon® nylon
resins; Zenite™ LCP liquid crystal polymer resins
Hydrogen cyanide and derivatives; protein isolates;
Oxone® monopersulfate
Ti-Pure® titanium dioxide
Sontara® spunlaced products; Crystar® specialty
resin; dimethyl terephthalate (DMT);
Biomax® hydro/biodegradable polyester resin
Kapton® polyimide film
Acrylonitrile, ammonia and aniline; Nordel® IP
hydrocarbon rubber; Hypalon® chlorosulfonated
polyethylene
Suva® refrigerants; Formacel® blowing agents;
Dymel® aerosol propellants
Engage® polyolefin elastomer
Powder coatings
Lycra® intermediates; Elvanol® polyvinyl alcohol resins;
crop protection; Terathane® polytetramethylene
ether glycol (PTMEG)
Nylon intermediates, specialties and polymer;
ethylene copolymers
Nylon intermediates, specialties and polymer;
ethylene copolymers
Agricultural seed
Holographic optical elements and security
authentication holograms
Automotive finishes
Mylar®, Melinex® and Kaladex® PEN
polyester films
Sulfur products and specialty acids
Revval® reprocessed, coated film
Mylar® and Melinex® polyester films; Tyvek® brand
protective material; Kevlar® brand fiber; Nomex® brand
fiber and paper; Teflon® brand fiber; Zytel® and
Minlon® nylon resins
Lycra® elastane and nylon fibers
Crop protection; Dymel® aerosol propellants;
methylamines/methylamides; dimethyl sulfate;
glycolic acid; Vazo® initiators
Fasloc® anchorage systems
Teflon® and Tefzel® fluoropolymers; Butacite®
polyvinyl butyral; Zytel® and Minlon® nylon
resins; Delrin® acetal resins; Rynite® PET and
Crastin® PBT polyester resins; Hytrel® polyester
elastomer; Zenite™ LCP liquid crystal
polymer resins; Tynex® filaments
Pharmaceuticals; crop protection; microcircuit materials
D U P O N T
49
DuPont Investor Relations
Wilmington, DE 19898
(302) 774-4994
Fax: (302) 773-2631
Internet: www.dupont.com/corp/ir
H-88662