Word: ponts
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Dates: during 1950-1959
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...Carothers Chair in pure research is financed annually by the Du Pont Corporation. An outsider is invited here to take the regular place of the Carothers Professors. Bartlett, whose year as chairman ends this spring, will be free of all administrative and teaching duties, and will devote full time to his research group. E. Bright Wilson will become chairman...
Grey Market. Polyethylene was developed in 1933 by chemists of Britain's Imperial Chemical Industries, Ltd. They found that ethylene. a hydrocarbon gas, turned into a white, waxlike solid when subjected to high pressures. I.C.I, licensed Du Pont to produce it. But Union Carbide, working independently, devised its own method of making poly, though it pays I.C.I, a royalty fee just the same. Today Bakelite's output totals about 70 million Ibs. a year; Du Pont, the only other commercial U.S. producer, accounts for an estimated 55 million Ibs., and is also expanding...
High-Pressure Lure. With these bright prospects, Union Carbide and Du Pont (which calls its plastic polythene) will soon have new competition from Texas Eastman, Dow, and probably National Petro-Chemicals, Spencer Chemical, and Monsanto. The two leaders, however, already have a big head start and valuable experience in poly production, which involves ultra-high pressures (equal to the pressure in the barrel of a 5-in. Navy antiaircraft gun when it is fired). Says Bakelite's President Bunn: "We have the lead and we intend to keep...
Soapmakers also profited from the state of the commodity market. Colgate's net was up 46%. The chemical industry was also up. Du Pont showed a 14% increase in sales ($440 million) and a 12% increase in profits ($53.9 million) over 1952's first quarter. While the second biggest company, Union Carbide & Carbon, was not far behind (sales up 12% and profits up 10%), some of the biggest gains were rung up by the smaller companies. Thus Mathieson Chemical's $4,700,000 net was a 79% increase, Rohm & Haas...
...clock. "When you reach my age," says he, "time starts running out. You want to meet a challenge and wrap it up, so that when you put your chips down, you can say, 'that's one I did.' " Last week, after 24 years with the Du Pont Co., the last two as director of synthetic fiber sales, Malcolm Jones went off to meet a new challenge-the chance to "run my own show." He became president of Manhattan's Robbins Mills, Inc., maker of synthetic fabrics for everything from clothing to auto upholstery and bulletproof vests...