E. I. du Pont de Nemours and Company
(
DD
) has signed an industrial R&D cooperation agreement with the
Office of the Chief Scientist (OCS) in the Ministry of Industry,
Trade and Labor, Israel. The agreement forms a part of the Global
Enterprise R&D Cooperation Framework, which comprises 24
members.
Pursuant to the framework, the OCS offers a platform to
generate new opportunities for collaboration between DuPont and
Israeli start-ups. Per the framework, the R&D projects to be
undertaken in the areas of food, energy and protection will be
aided with equal investments by OCS and DuPont.
The framework further provides exclusive plan for
technological cooperation between the Israeli companies and
multinational corporations. The OCS facilitates such
multinational corporations by helping them find optimum Israeli
technologies to meet their requirements. The OCS also extends
financial support for the R&D project. The corporations will
support the R&D project by making equal value investments
either by investing funds in the R&D and/or allocating the
necessary resources and means.
The corporations stand to benefit by developing cutting-edge
innovative technology according to their specific needs. On the
other hand, Israeli companies benefit from the potential growth
and gaining new opportunities by partnering with the
corporations.
On Jan 22, DuPont posted better-than-expected fourth quarter
2012 results. Both revenues and adjusted earnings beat the Zacks
Consensus Estimates. However, profit tumbled year over year due
to higher costs and lower demand across titanium dioxide and
photovoltaic markets.
Despite unfavorable currency exchange swings, the Agriculture
segment of DuPont delivered healthy sales in the fourth quarter
boosted by higher volume and strong performance of the crop
protection business and should continue to benefit from the
synergies of Danisco acquisition.
DuPont currently carries a short-term Zacks Rank #3
(Hold).
Other companies in the chemical industry with favorable Zacks
Rank are
Akzo Nobel NV
(
AKZOY
),
Axiall Corporation
(
AXLL
), and
Eastman Chemical Company
(
EMN
). All three retain a Zacks Rank #2 (Buy).
AKZO NOBEL NV (AKZOY): Free Stock Analysis
Report
AXIALL CORP (AXLL): Free Stock Analysis
Report
DU PONT (EI) DE (DD): Free Stock Analysis
Report
EASTMAN CHEM CO (EMN): Free Stock Analysis
Report
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