New facility in South Carolina expands biopharma processing tubing manufacturing capabilities; marks key milestone in company's healthcare growth strategy
WILMINGTON, Del., July 28, 2022 /PRNewswire-PRWeb/ -- DuPont (NYSE:DD) today celebrated the opening of its new DuPont™ Liveo™ Healthcare Solutions manufacturing facility located at the Cooper River Site in South Carolina with a formal ribbon-cutting ceremony attended by state and local government officials and business leaders. The new facility will expand capacity for biopharmaceutical tubing extrusion to meet increased demand from Liveo™ customers.
The site, located near Moncks Corner, South Carolina operates using the same quality standards as the DuPont Healthcare Industries Materials Site (HIMS) in Hemlock, Michigan – DuPont's long-standing healthcare manufacturing site. Operators at the new South Carolina facility were certified at HIMS.
"The Cooper River site will bring additional production capacity online over the next two years to serve strategic customers and expand our Liveo™ Healthcare Solutions customer base," said DuPont Healthcare & Specialty Lubricants Global Business Director Eugenio Toccalino. "We're committed to investing in our healthcare business, and this biopharma processing manufacturing investment at Cooper River is a key milestone in our growth strategy that will help us offer a highly reliable and sustainable product supply."
DuPont worked with local companies – including more than 40 subcontractors on the site expansion project.
"Being selected as the second dedicated healthcare site is indeed an honor and a reflection of our team's track record of dedication, ownership, and commitment to our Core Values and excellence in meeting customers' needs. Thanks to collaboration between the DuPont team and our contractor partners, the Cooper River site was completed within 17 months – on time, on budget, and without a single recordable safety incident," said Bill Alexander, DuPont Cooper River site leader. "The opening of the site already has enabled the creation of 25 jobs for startup, with another 25 expected by mid-2024 as we ramp up operations."
The ribbon-cutting event included remarks from South Carolina Governor Henry McMaster, Berkeley County Supervisor Johnny Cribb, DuPont Electronics & Industrial Vice President and General Manager Sam Ponzo, Toccalino, and Alexander. Attendees also toured the site.
DuPont is demonstrating its commitment to serving the healthcare market and its customers with this expansion of its manufacturing footprint, offering high-quality, high-performance solutions, and supporting regulatory actions that address healthcare customers' specific needs and challenges.
In addition to the Cooper River expansion, in the second half of 2022, the company expects to add biopharma silicone tubing capacity in China to serve the fast-growing customers in that region.
About DuPont™ Liveo™ Healthcare Solutions
DuPont™ Liveo™ is a globally recognized leader in technology for a broad range of innovations in medical devices, biopharmaceutical processing and pharmaceutical solutions. DuPont high-performance materials help create safer healthcare environments and protect the health of patients and healthcare providers worldwide. We help enable smarter healthcare and positive patient outcomes. More information can be found at liveo.dupont.com.
About DuPont Electronics & Industrial
DuPont Electronics & Industrial is a global supplier of new technologies and performance materials serving the semiconductor, circuit board, display, digital and flexographic printing, healthcare, aerospace, industrial, and transportation industries. From advanced technology centers worldwide, teams of talented research scientists and application experts work closely with customers, providing solutions, products and technical service to enable next-generation technologies.
About DuPont
DuPont (NYSE: DD) is a global innovation leader with technology-based materials and solutions that help transform industries and everyday life. Our employees apply diverse science and expertise to help customers advance their best ideas and deliver essential innovations in key markets including electronics, transportation, construction, water, healthcare and worker safety. More information about the company, its businesses and solutions can be found at http://www.dupont.com. Investors can access information included on the Investor Relations section of the website at investors.dupont.com.
Overview
On November 2, 2021, DuPont announced it has entered definitive agreements to acquire Rogers Corporation ("Rogers"), (the "Intended Rogers Acquisition"). On January 25, 2022, Rogers's shareholders approved the transaction. Closing is expected in early third quarter 2022, subject to regulatory approvals and customary closing conditions.
On February 18, 2022, DuPont announced that it has entered into definitive agreements to divest a majority of its historic Mobility & Materials segment, excluding certain Advanced Solutions and Performance Resins businesses, to Celanese Corporation ("Celanese"), (the "M&M Divestiture"). Closing is expected around the end of 2022, subject to regulatory approvals and customary closing conditions. The Company also announced on February 18, 2022, that its Board of Directors has approved the divestiture of the Delrin® acetal homopolymer (H-POM) business. In addition to the entry into definitive agreements, the Company anticipates that the closing of the sale of Delrin® would be subject to regulatory approvals and other customary closing conditions, (the "Delrin® Divestiture" and together with the M&M Divestiture, the "M&M Divestitures").
As of March 31, 2022, the results of operations and the assets and liabilities of the businesses in scope for the M&M Divestitures are presented as discontinued operations for all periods presented. The cash flows of these businesses have not been segregated and are included in the interim Consolidated Statement of Cash Flows. Unless otherwise indicated, the discussion of results, including the financial measures further discussed below refer only to DuPont's Continuing Operations and do not include discussion of balances or activity of the businesses in scope for the M&M Divestitures. The Auto Adhesives & Fluids, Multibase™ and Tedlar® product lines previously within the historic Mobility & Materials segment (the "Retained Businesses") are not included in the scope of the intended divestitures. The Retained Businesses are reported in Corporate & Other. The reporting changes have been retrospectively applied for all periods presented.
Cautionary Statement about Forward-looking Statements
This communication contains "forward-looking statements" within the meaning of the federal securities laws, including Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In this context, forward-looking statements often address expected future business and financial performance and financial condition, and often contain words such as "expect," "anticipate," "intend," "plan," "believe," "seek," "see," "will," "would," "target," and similar expressions and variations or negatives of these words.
Forward-looking statements address matters that are, to varying degrees, uncertain and subject to risks, uncertainties, and assumptions, many of which that are beyond DuPont's control, that could cause actual results to differ materially from those expressed in any forward-looking statements. Forward-looking statements are not guarantees of future results. Some of the important factors that could cause DuPont's actual results to differ materially from those projected in any such forward-looking statements include, but are not limited to: (i) the parties' ability to meet expectations regarding the timing, completion and accounting and tax treatments of the M&M Divestiture to Celanese, including (x) any failure to obtain necessary regulatory approvals, anticipated tax treatment or to satisfy any of the other conditions to the proposed transaction, (y) the possibility that unforeseen liabilities, future capital expenditures, revenues, expenses, earnings, synergies, economic performance, indebtedness, financial condition, losses, future prospects, business and management strategies could impact the value, timing or pursuit of the proposed transaction, and (z) risks and costs and pursuit and/or implementation, timing and impacts to business operations of the separation of business lines in scope for the M&M Divestiture to Celanese, (ii) the timing and outcome of the Delrin® Business Divestiture, including entry into definitive agreements, and the risks, costs and ability to realize benefits from the pursuit of the Delrin® Business Divestiture; (iii) ability to achieve anticipated tax treatments in connection with mergers, acquisitions, divestitures and other portfolio changes actions and impact of changes in relevant tax and other laws; (iv) indemnification of certain legacy liabilities; (v) risks and costs related to each of the parties respective performance under and the impact of the arrangement to share future eligible PFAS costs by and between DuPont, Corteva and Chemours; (vi) failure to timely close on anticipated terms (or at all), realize expected benefits and effectively manage and achieve anticipated synergies and operational efficiencies in connection with mergers, acquisitions, divestitures and other portfolio changes including the Intended Rogers Acquisition and the M&M Divestitures; (vii) risks and uncertainties, including increased costs and the ability to obtain raw materials and meet customer needs, related to operational and supply chain impacts or disruptions, which may result from, among other events, the COVID-19 pandemic and actions in response to it, and geo-political and weather related events; (viii) ability to offset increases in cost of inputs, including raw materials, energy and logistics; (ix) risks, including ability to achieve, and costs associated with DuPont's sustainability strategy including the actual conduct of the company's activities and results thereof, and the development, implementation, achievement or continuation of any goal, program, policy or initiative discussed or expected,; and (x) other risks to DuPont's business, operations; each as further discussed in DuPont's most recent annual report and subsequent current and periodic reports filed with the U.S. Securities and Exchange Commission. Unlisted factors may present significant additional obstacles to the realization of forward-looking statements. Consequences of material differences in results as compared with those anticipated in the forward-looking statements could include, among other things, business or supply chain disruption, operational problems, financial loss, legal liability to third parties and similar risks, any of which could have a material adverse effect on DuPont's consolidated financial condition, results of operations, credit rating or liquidity. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. DuPont assumes no obligation to publicly provide revisions or updates to any forward-looking statements whether as a result of new information, future developments or otherwise, should circumstances change, except as otherwise required by securities and other applicable laws.
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DuPont™, the DuPont Oval Logo, and all trademarks and service marks denoted with ™, SM or ® are owned by affiliates of DuPont de Nemours, Inc. unless otherwise noted.
07/28/22
For further information contact:
Fiona Paul Pinter
Global Communications Leader, Healthcare
+41 79 5713084
[email protected]
Image:
Proposed caption:
Cutting the ceremonial ribbon at the grand opening of the DuPont Healthcare Cooper River site in South Carolina, USA, were (left to right) Cooper River Mobility & Materials Site Leader Bill Alexander; DuPont™ Liveo™ Cooper River Operations Representative and Construction Team Member Lincoln Weathersby; DuPont Electronics & Industrial Vice President of Integrated Operations John Singer; DuPont™ Liveo™ Cooper River Operator Mechanic CJ Jacobs; DuPont Electronics & Industrial Vice President and General Manager for Industrial Solutions Sam Ponzo; South Carolina Governor Henry McMaster; DuPont Healthcare & Specialty Lubricants Global Business Director Eugenio Toccalino; Berkeley County, South Carolina, Supervisor Johnny Cribb; Cooper River Project Team Leader Jen Crock; Cooper River North Area Leader Ellie DeSanto; DuPont™ Liveo™ Cooper River Operator Mechanic Cary Domi; and Cooper River Electronics & Industrial Site Leader Tony Schwuchow.
Media Contact
Fiona Paul Pinter, DuPont, +41 79 5713084, [email protected]
SOURCE DuPont
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