DuPont Apollo Subsidiary to Discontinue Operations
|Contact: Ellen Pressley|
HONG KONG, April 28, 2014 –Du Pont Apollo Ltd. (DuPont Apollo), a wholly owned subsidiary of DuPont established in 2008 in Hong Kong and Shenzhen, China, announced that it will discontinue its amorphous silicon thin film photovoltaic (solar) module business operations by year end.
This decision was taken consistent with the company’s discipline of continually reviewing its portfolio and focusing on high-growth, high-margin opportunities. DuPont Apollo remains committed to honoring its contractual obligations with customers.
DuPont continues in its commitment to investing in Hong Kong and China and to maintaining significant and diverse operations there. DuPont also will explore possible research and development projects and collaborations in Hong Kong in the areas of new materials, new energy and bio-materials.
Independent of DuPont Apollo, DuPont remains the leading supplier of specialty materials to the solar industry with the broadest portfolio of products designed to optimize the power output, reliable lifetime and return on investment for solar energy systems. Over the next few years, the industry estimates 20 percent average annual growth in solar system installations, and DuPont continues in its commitment to supporting greater growth and further adoption of solar power to help meet the growing global demand for energy.
DuPont (NYSE: DD) has been bringing world-class science and engineering to the global marketplace in the form of innovative products, materials, and services since 1802. The company believes that by collaborating with customers, governments, NGOs, and thought leaders we can help find solutions to such global challenges as providing enough healthy food for people everywhere, decreasing dependence on fossil fuels, and protecting life and the environment. For additional information about DuPont and its commitment to inclusive innovation, please visit http://www.dupont.com.
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