Word: ponte
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...money in the chemical industry is to develop some far-out fiber, plastic or chemical and then to build a fence of patents around it. Example: nylon. At a cost of $27 million, Du Pont developed nylon in the 1930s; for 15 years until its patent expired, Du Pont got about one-third of its profits from nylon...
Last week in Delaware's U.S. District Court, Du Pont was fighting to protect its far vaster investment ($50 million) in another product, Delrin, a remarkably hard and versatile plastic that, since it was introduced in 1960. has begun to replace zinc, aluminum and steel in products ranging from water pumps to auto dashboards and clothespins. The defendant in Du Pont's patent infringement suit is Celanese Corp, of America, which recently began to market a plastic called Celcon (pronounced "Sell-con"). Both are acetal polymers and derive from formaldehyde. Both have a high resistance to chemicals, abrasion...
Neither could Du Pont, which contends that Celanese must have used Du Pont's formula. Nonsense, sniffs Celanese, which says that it arrived at Celcon by a process all its own and that Delrin anyhow lacks "patentable novelty." Confident Celanese opened a Celcon plant at Bishop, Texas, that eventually will have a capacity of 30 million lbs., bigger than that of Du Pont's 25-million lb. Delrin plant at Parkersburg. W.Va. Du Pont hopes to collect damages for patent infringement and to force Celanese to stop producing Celcon...
Nothing Parochial. In the U.S., trustbusters would bar the creation of such a colossus. But Chambers expects no trouble from the easy British antimonopoly laws. He argues that the takeover, which would give I.C.I, a full range of synthetic fibers to compete with its two top foreign rivals, Du Pont and France's Rhone-Poulenc/ Rhodiaceta, is primarily designed to sharpen Britain's competitive position in the Common Market. Says Chambers: "We are fighting on a world scale. We cannot be parochial about...
...Opened in 1948 by U.S. Millionaire Robertson Ward, the club sprawls over 1.300 landscaped acres, has twelve sandy beaches, an 18-hole golf course. Membership (now closed) is rigidly screened to guarantee that openings do not go to just any old millionaire. Sixty-six members (among them: Francis du Pont) own winter homes on club property. With annual expenditures of $500,000. the club is impoverished Antigua's biggest single source of income...