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DuPont de Nemours, Inc., commonly shortened to DuPont, is an American multinational chemical company first formed in 1802 by French-American chemist and industrialist Éleuthère Irénée du Pont de Nemours. The company played a major role in the development of the U.S. state of Delaware and first arose as a major supplier of gunpowder.
DuPont's explored chemical reactions in supercritical water in the 1950s to support its production of CrO 2 for magnetic recording tapes. Hyperbaric recrystallization of ultra-high molecular weight polyethylene led to DuPont's business in Hylamer polyethylene for bearing surfaces in hip and knee replacement arthroplasty.
DuPont’s operating EBITDA rose 11% YoY to $857 million, and its margin expanded by 150 bps to 26.8%. The company reported sales growth of 4% year over year to $3.192 billion, missing the ...
Three years after filing their original request, Hanford and Holmes were issued a patent for their process on June 2, 1942. The patent was assigned to DuPont. Later in 1942, Hanford left DuPont and took a job at General Aniline and Film Corporation (GAF). At age thirty-four, Hanford was made the director of research for the entire company.
In March 2016, it was reported that Dow Chemical Co. and the DuPont Co. agreed to pay $27 million to DuPont CEO Edward Breen if he left the company by early 2017. [8] In February 2020, Breen was reinstated as DuPont CEO replacing Marc Doyle. [9] Breen is an alumnus of Grove City College and is the chair of the college's board of trustees. [10]
Pierre was DuPont's president until 1919. Pierre gave the DuPont company a modern management structure and modern accounting policies and made the concept of return on investment primary. During World War I, the company grew very quickly due to advance payments on Allied munition contracts. He also established many other DuPont interests in ...