Word: 1940s
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Dates: during 1970-1979
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...flair for turning the test tube into a horn of plenty made it the 15th largest industrial company in the U.S., with $3.5 billion in sales in 1968. From this lofty level, Du Pont finds it nearly impossible to match past expansion. Sales almost trebled in the 1940s and doubled in the 1950s, but in the decade now ending, they have climbed only about 60%. Overseas, where 1968 sales were $440 million and just starting to be profitable, Du Pont lags far behind European chemical giants and is meeting savage price competition from aggressive Japanese companies. Agile competitors, who have...