Yet DuPont was allowed to maintain a complete monopoly in the sale of smokeless powder.Īfter prospering during the First World War-DuPont produced some 40 percent of all explosives shot from Allied cannons-the company resumed its expansion and diversification. (Some time later, in 1942, DuPont, Atlas, Hercules and several other companies pleaded no contest to criminal antitrust violations). Five years later DuPont and the Gunpowder Trade Association were deemed an illegal gunpowder monopoly, and the company was compelled to sell off some of its holdings, which were turned into two new companies: Atlas Powder and Hercules Powder. In the early 20 th Century, DuPont came to assume such a commanding position in the explosives market that the federal government began antitrust proceedings against the company in 1907. (performance materials, packaging and specialty plastics, and industrial intermediates) DuPont de Nemours (nutrition and biosciences, electronics and imaging, and advanced polymers) and Corteva (seeds and crop protection). The merger took effect in 2018. DowDuPont split into three companies in 2019: Dow Inc. In late 2015 DuPont and its long-time competitor Dow Chemical announced plans to merge and then split into three companies. In 2015 DuPont spun off its specialty chemicals business, which had been the source of many of the company's environmental problems, into a new company called Chemours. DuPont also has an abysmal labor record, both in its decades of resistance to unionization drives and in allowing conditions in its workplaces that resulted in elevated levels of injury and disease. Yet that chemistry also brought with it serious environmental hazards such as depletion of the atmosphere’s ozone layer fungicides that killed plants as well as fungi carcinogenic chemicals related to the production of non-stick coatings and serious pollution problems at many of the company’s plants, including those in Delaware, a state that DuPont long controlled as a virtual fiefdom. For years the company’s slogan was “better living through chemistry.” producer of explosives (earning it the appellation Merchant of Death), and then in the 1920s began to cultivate a more benign image with its introduction of nylon as well as other staples of modern life such as Lucite, Freon, Teflon, Lycra and Kevlar. du Pont de Nemours and Company, DuPont was for its first century the dominant U.S.
0 Comments
Leave a Reply. |
Details
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |