E.I. du Pont de Nemours & Co. (DD)
DuPont (E.I. du Pont de Nemours and Company, DuPont pronounced) – the American chemical company, one of the largest in the world. Included in the list of Fortune 1000 companies in 2008 (81 th place). Headquarters – Wilmington, Delaware and Geneva (Switzerland). Founded in 1802 as an enterprise for the production of gunpowder.
DuPont manufactures a wide range of chemical materials, conducting extensive innovative research in this field. The company is the inventor of many unique polymer and other materials, such as neoprene, nylon, Teflon, Kevlar, Mylar, Tyvek and others. The company was a major developer and manufacturer of CFCs used in the production of refrigeration devices.
DuPont expects earnings growth in 2016 due to aggressive cost reduction, which should help to reduce the relentless pressure caused by the strong dollar and the weakness of agricultural subdivision. DuPont is in the process of merging with another American chemical giant, Dow Chemical, as a result of which the company will be established with a market worth about $ 130 billion.