Chemical and industrial products behemoth
E. I. du Pont de Nemours and Company
) and Ansell, a leader in hand protection industry, have joined
hands to develop new safety gloves that utilizes Kevlar, popularly
used in police vests, military equipment and other non-construction
DuPont's Kevlar glove will be added to Ansell's ActivArmr portfolio
designed for workers in the construction sectors, including
specialty trades such as HVAC and plumbing, as well as for general
contractors. Other gloves in the portfolio specifically cater to
the military force.
Kevlar can be spun with other materials to make superior products
and can provide better protection to workers. DuPont has developed
a new manufacturing process to specifically produce
ultra-lightweight steel-containing yarn.
The combination of Kevlar and the new ActivArmr gloves have
given rise to new Intercept Technology in a thin, 18-gauge design
that is significantly lighter in weight than the traditional
13-gauge version. The Intercept Technology provides more comfort to
the workers along with dexterity and high cut-resistance.
DuPont and Ansell expect the global construction market for gloves
to worth more than $800 million annually. Ansell is a world leader
in providing superior health and safety protection solutions that
increase human wellbeing.
DuPont released its second quarter 2012 results in July 2012.
The company reported adjusted earnings of $1.48 per share for the
quarter, exceeding the Zacks Consensus Estimate of $1.46 and the
year-ago earnings of $1.37.
The earnings growth was primarily driven by strong performance
of the company's agriculture, food and bioscience businesses as
well as its advanced materials business, which has witnessed
healthy results during the quarter despite weak European
Including one-time items, earnings came in at $1.25 per share
versus $1.29 in the prior-year quarter. The fall in earnings
reflects lower sales volumes across the company's business segments
and weak demand for titanium dioxide, especially in Europe and
Net sales grew 7% year over year to $11,006 million, driven by
higher price and portfolio changes, partially offset by unfavorable
currency impact and lower sales volumes. However, sales missed the
Zacks Consensus Estimate of $11,252 million.
DuPont, which competes with
The Dow Chemical Company
), currently retains a short-term Zacks #3 Rank (Hold) and we have
a long-term (more than 6 months) Neutral recommendation on its
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