Corteva, Inc. announced its subsidiary E. I. du Pont de Nemours and Co. will change its name to EIDP, Inc., in what the company said was a move “consistent with its contractual obligations related to its separation from DowDuPont, Inc.”
The change became effective in January.
E. I. du Pont de Nemours and Company is a wholly-owned subsidiary of Corteva, Inc. and the former corporate name of DuPont Co., at one time one of the world’s largest companies. DuPont’s former corporate title is now DuPont de Nemours, Inc.
The Corteva subsidiary is separate from a shrunken Chestnut Run-based DuPont, which now describes itself as a materials company.
Under CEO Ed Breen, DuPont continues to shed businesses and was recently unsuccessful in an effort to beef up its electronics materials business when a merger with Rogers Corp. fell through due to China dragging its feet on approving the deal.
The complex merger and spin-off of DowDuPont led to the DuPont subsidiary name being under the Corteva umbrella. The merger-spin-off was driven by the combination of Dow and DuPont agriscience businesses becoming Corteva.
Dow and DuPont were then spun off into separate companies.
Corteva was initially headquartered near Wilmington but has since moved its head office to Indianapolis under a new CEO who replaced a veteran DuPont executive.
Corteva did inherit the DuPont pension plan and recently converted many pensions to an annuity, an insurance product.
Corteva describes itself as a “pure play” agricultural company that offers seeds and crop protection products.