Word: ponte
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Dates: during 1950-1959
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...only $7,187,000, and sales for 1949 were down to $5,850,000. But Lord McGowan planned to expand his U.S. marketing facilities to handle some of the 12,000 products, ranging from dynamite to penicillin, made in I.C.I.'s 100-odd British plants. In Wilmington, Du Pont took the news calmly. Said a spokesman: "Du Pont has been competing vigorously with I.C.L in the British Empire, and it is logical to expect that in the British quest for dollar exchange they would try every means to better their competitive position in the U.S." In Washington, the Department...
...Under the agreements, the U.S. charged, I.C.I. left the U.S. and Central American markets exclusively to Du Pont, which in turn left the Empire market, except Canada and Newfoundland, exclusively to I.C.I...
...Imperial Chemicals Industries, Ltd., has long been the staunchest champion of gentlemanly agreements which divide the world's markets. But this week. Lord McGowan reversed his field. Imperial Chemicals announced that it would invade the U.S. markets of its great & good friends, Wilmington's E. I. du Pont de Nemours...
...thing that may have caused Lord McGowan to change his mind was the U.S. Department of Justice's suit which is coming up for trial next month. The suit charged that I.C.I, and Du Pont were operating a world chemical cartel (TIME, Jan. 17, 1944). Lord McGowan had denounced the "iniquitous charges," but quietly terminated I.C.I.'s 24-year-old agreements to share "patents and processes" with Du Pont...
Business was also good in Wilmington, Del. E. I. du Pont de Nemours & Co. reported 1949 earnings of $4.52 a share ($1.24 more than in 1948), an alltime record. The boost was due largely to bigger dividends from General Motors Corp., of which Du Pont owns 22.6%. Du Pont directors declared a 75? quarterly dividend, up 20% from 1949's first quarter...