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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 .
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.
The company's origins lie in a plastic packaging production unit at Oakham established by a Danish group, Superfos, in 1973. [3] The plant was acquired by Reed International in 1983 and was the subject of a management buyout as R eed p ack C ontainers in 1988, but was then bought by Svenska Cellulosa Aktiebolaget in 1990. [ 3 ]
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.
Nathaniel Wyeth (inventor) (1911–1990), inventor of the recyclable PET plastic bottle Nathaniel Jarvis Wyeth (1802–1856), developer of the US ice industry Topics referred to by the same term
Editor's note: Follow USA vs. Canada live updates from the 4 Nations Face-Off hockey final.. Matthew and Brady Tkachuk set the tone for Team USA in the opening game against Finland by scoring two ...
The company forecast its fiscal 2025 revenue to be between $3.33 billion and $3.40 billion, the midpoint of which is below analysts' average estimate of $3.40 billion, according to data compiled ...
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]