Founded in 1802, US chemical company DuPont offers products and services for the agriculture, food, electronics, communications, security, home and construction, transportation, and apparel sectors. The company also produces components of a multi-layer anticorrosion pipe coating system for oil and gas extraction, while its biosciences area develops biobased products. DuPont operates in more than 70 countries, including Argentina, Brazil, Chile, Colombia, México, Peru, and Venezuela. In 2014, the company announced a restructuring plan to reduce costs and capital expenditures. A year later, the company completed the separation of its performance chemicals segment, which started to operate as an independent company under the brand name Chemours.