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Nathaniel C. Wyeth (October 24, 1911 – July 4, 1990) was an American mechanical engineer and inventor. He is best known for creating a variant of polyethylene terephthalate that could withstand the pressure of carbonated liquids .
In 2016, annual production of PET was 56 million tons. [6] The biggest application is in fibres (in excess of 60%), with bottle production accounting for about 30% of global demand. [ 7 ] In the context of textile applications, PET is referred to by its common name, polyester , whereas the acronym PET is generally used in relation to packaging.
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At that time, the purchase price, $9.5 billion, made it the second-largest industrial acquisition in U.S. history to that point. American Home Products eventually changed its name to Wyeth Corporation (one of its subsidiaries), and in 2009 Wyeth merged with Pfizer, becoming a subsidiary of the world's largest pharmaceutical company.
In the United States, a more-detailed version of the report, called a Form 10-K, is submitted to the U.S. Securities and Exchange Commission. [2] A publicly held company may also issue a much more limited version of an annual report, which is known as a "wrap report." A wrap report is a Form 10-K with an annual report cover wrapped around it. [3]
Wyeth was born in Cambridge, Massachusetts, to Jacob and Elizabeth (Jarvis) [1] Wyeth. He married Elizabeth Jarvis Stone on January 29, 1824. He began his working career in the 1820s by acting as foreman for a company that harvested ice from Fresh Pond in Cambridge, and thus helping Boston's "Ice King" Frederic Tudor to establish New England's ice trade with the Caribbean, Europe, and India.
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Nathaniel Wyeth may refer to: Nathaniel Wyeth (inventor) (1911–1990), inventor of the recyclable PET plastic bottle Nathaniel Jarvis Wyeth (1802–1856), developer of the US ice industry